Westpac Banking Stock Forecast, Price & News

-0.29 (-1.43 %)
(As of 06/18/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume145,800 shs
Average Volume109,940 shs
Market Capitalization$68.99 billion
P/E Ratio46.53
Dividend Yield4.40%
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About Westpac Banking

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through four divisions: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses, and Group Businesses. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products. The company also provides merchant and payment, corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; micro, small, and medium enterprises; commercial business and private wealth clients; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.


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Overall MarketRank

1.21 out of 5 stars

Finance Sector

916th out of 1,970 stocks

Commercial Banks, Not Elsewhere Classified Industry

36th out of 73 stocks

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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Westpac Banking (NYSE:WBK) Frequently Asked Questions

Is Westpac Banking a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westpac Banking in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Westpac Banking stock.
View analyst ratings for Westpac Banking
or view top-rated stocks.

What stocks does MarketBeat like better than Westpac Banking?

Wall Street analysts have given Westpac Banking a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Westpac Banking wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

How has Westpac Banking's stock price been impacted by COVID-19?

Westpac Banking's stock was trading at $12.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WBK shares have increased by 61.4% and is now trading at $20.01.
View which stocks have been most impacted by COVID-19

How often does Westpac Banking pay dividends? What is the dividend yield for Westpac Banking?

Westpac Banking declared a semi-annual dividend on Tuesday, May 4th. Investors of record on Thursday, May 13th will be given a dividend of $0.4497 per share on Tuesday, July 6th. This represents a dividend yield of 3.3%. The ex-dividend date is Wednesday, May 12th.
View Westpac Banking's dividend history

Is Westpac Banking a good dividend stock?

Westpac Banking pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.40%. WBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Westpac Banking does not yet have a strong track record of dividend growth. The dividend payout ratio of Westpac Banking is 204.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Westpac Banking will have a dividend payout ratio of 61.54% next year. This indicates that Westpac Banking will be able to sustain or increase its dividend.
View Westpac Banking's dividend history.

Who are Westpac Banking's key executives?

Westpac Banking's management team includes the following people:
  • Mr. Peter Francis King F.C.A., BEc, FCA, CEO, MD & Director (Age 51, Pay $2.17M)
  • Mr. Michael Rowland B.Com., F.C.A., Chief Financial Officer (Age 59, Pay $939.09k)
  • Mr. Leslie Wilson Vance, Group Exec. of Financial Crime, Compliance & Conduct (Age 50, Pay $773.83k)
  • Ms. Rebecca Lim L.L.B., B Econ, LLB (Hons), Group Gen. Counsel & Enterprise Exec. (Age 49, Pay $671.82k)
  • Ms. Christine Parker, Group Exec. of HR (Age 61, Pay $770.35k)
  • Mr. Jason Yetton B.Com., BCom, TGMP, GDAppFin, Chief Exec. of Specialist Bus.es & Group Strategy (Age 51, Pay $963.57k)
  • Ms. Carolyn McCann B.A., Group Exec. of Customer & Corp. Relations (Age 48, Pay $725.04k)
  • Mr. David Stephen, Chief Risk Officer (Age 56, Pay $1.45M)
  • Mr. David Alexander McLean L.L.B., LLB (Hons), Chief Exec. Officer of Westpac New Zealand Limited (Age 63, Pay $837.73k)
  • Mr. Scott Collary, Chief Operating Officer

What is Brian Hartzer's approval rating as Westpac Banking's CEO?

488 employees have rated Westpac Banking CEO Brian Hartzer on Glassdoor.com. Brian Hartzer has an approval rating of 84% among Westpac Banking's employees.

Who are some of Westpac Banking's key competitors?

What other stocks do shareholders of Westpac Banking own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westpac Banking investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH), Apollo Global Management (APO), First Data (FDC), China Unicom (Hong Kong) (CHU) and Ciena (CIEN).

What is Westpac Banking's stock symbol?

Westpac Banking trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBK."

Who are Westpac Banking's major shareholders?

Westpac Banking's stock is owned by many different institutional and retail investors. Top institutional investors include Northern Trust Corp (0.10%), Goldman Sachs Group Inc. (0.10%), Renaissance Technologies LLC (0.05%), Avalon Investment & Advisory (0.01%), Dimensional Fund Advisors LP (0.01%) and BlackRock Inc. (0.01%).

Which major investors are selling Westpac Banking stock?

WBK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Guggenheim Capital LLC, Royal Bank of Canada, Crossmark Global Holdings Inc., Ethic Inc., Advisors Asset Management Inc., Dimensional Fund Advisors LP, and BTC Capital Management Inc..

Which major investors are buying Westpac Banking stock?

WBK stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., BlackRock Inc., Avalon Investment & Advisory, Northern Trust Corp, Jane Street Group LLC, Citadel Advisors LLC, Envestnet Asset Management Inc., and Qtron Investments LLC.

How do I buy shares of Westpac Banking?

Shares of WBK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Westpac Banking's stock price today?

One share of WBK stock can currently be purchased for approximately $20.01.

How much money does Westpac Banking make?

Westpac Banking has a market capitalization of $68.99 billion and generates $20.72 billion in revenue each year. The bank earns $1.56 billion in net income (profit) each year or $0.43 on an earnings per share basis.

How many employees does Westpac Banking have?

Westpac Banking employs 33,607 workers across the globe.

When was Westpac Banking founded?

Westpac Banking was founded in 1817.

What is Westpac Banking's official website?

The official website for Westpac Banking is www.westpac.com.au.

Where are Westpac Banking's headquarters?

Westpac Banking is headquartered at LEVEL 18 275 KENT STREET, SYDNEY C3, 10017-2422.

How can I contact Westpac Banking?

Westpac Banking's mailing address is LEVEL 18 275 KENT STREET, SYDNEY C3, 10017-2422. The bank can be reached via phone at 212-551-1835 or via email at [email protected]

This page was last updated on 6/21/2021 by MarketBeat.com Staff
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