Woori Bank American Depositary Shares (Each representing 3 shares of ) (NYSE:WF) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a research note issued on Saturday. The firm presently has a $52.00 price objective on the bank’s stock. Zacks Investment Research‘s target price points to a potential upside of 17.54% from the stock’s previous close.

According to Zacks, “Woori Financial Group was established as Korea’s first financial holding company in April 2001 to keep pace with the global trends and evolve as a global player with world-class competitiveness. Since its launch, the Group has achieved remarkable growth in the banking business thanks to the consolidated performances of banking subsidiaries, and continued to expand its non-banking businesses through mergers and acquisitions and joint investments, As a result, the Group became the Korea’s representative financial group. “

Woori Bank American Depositary Shares (NYSE:WF) opened at $44.24 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. Woori Bank American Depositary Shares has a 52 week low of $30.92 and a 52 week high of $53.50. The firm has a market capitalization of $10,212.09, a PE ratio of 8.90, a P/E/G ratio of 1.16 and a beta of 1.04.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in Woori Bank American Depositary Shares (Each representing 3 shares of ) by 15,303.0% in the 3rd quarter. Wells Fargo & Company MN now owns 5,083 shares of the bank’s stock worth $237,000 after buying an additional 5,050 shares during the last quarter. GRATRY & Co LLC acquired a new stake in Woori Bank American Depositary Shares (Each representing 3 shares of ) in the 2nd quarter worth about $297,000. Dimensional Fund Advisors LP boosted its holdings in Woori Bank American Depositary Shares (Each representing 3 shares of ) by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 31,778 shares of the bank’s stock worth $1,547,000 after buying an additional 177 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Woori Bank American Depositary Shares (Each representing 3 shares of ) during the 3rd quarter worth approximately $2,951,000. Finally, Todd Asset Management LLC acquired a new position in shares of Woori Bank American Depositary Shares (Each representing 3 shares of ) during the 3rd quarter worth approximately $2,951,000. Institutional investors own 0.35% of the company’s stock.

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Woori Bank American Depositary Shares (Each representing 3 shares of ) Company Profile

Woori Finance Holdings Co, Ltd. is a financial holding company. The Company serves over 24 million corporate and retail customers with a range of financial services, including commercial banking, credit card, capital market, international banking, wealth management and bancassurance services. The Company’s domestic network consists of more than 1,300 branches and 8,500 cash terminals.

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