NYSE:WBK

Westpac Banking Stock Forecast, Price & News

$20.01

-0.29 (-1.43 %)

(As of 06/18/2021 12:00 AM ET)

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Today's Range

$19.87

▼

$20.07

50-Day Range

$19.30

▼

$20.79

52-Week Range

$11.35

▼

$20.82

Volume145,800 shs

Average Volume109,940 shs

Market Capitalization$68.99 billion

P/E Ratio46.53

Dividend Yield4.40%

Beta0.98

30 days | 90 days | 365 days | Advanced Chart

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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.

Westpac (ASX:WBC) brings forward RBA rate hike forecasts
June 20, 2021 | fool.com.au

Westpac Banking. : S&P revises WBC rating outlook to stable
June 9, 2021 | markets.businessinsider.com

Australia Consumer Confidence Ebbs In June - Westpac
June 9, 2021 | markets.businessinsider.com

Westpac Banking (NYSE:WBK) Reaches New 1-Year High at $20.80
June 8, 2021 | americanbankingnews.com

Westpac boss calls for radical change to Australia's flagging vaccine rollout as he issues a chilling warning after it was revealed only 500,000 people have received both doses ...
May 31, 2021 | msn.com

Westpac Banking. : Tier 2 Capital - Cleansing Notice
May 14, 2021 | markets.businessinsider.com

Why this broker thinks the Westpac (ASX:WBC) share price is great value
May 14, 2021 | msn.com

It Might Not Be A Great Idea To Buy Westpac Banking Corporation (ASX:WBC) For Its Next Dividend
May 8, 2021 | finance.yahoo.com

Australia’s Westpac sued by regulator for alleged insider trading
May 5, 2021 | ft.com

Asic accuses Westpac of insider trading over $12bn Ausgrid privatisation deal
May 5, 2021 | msn.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:WBK
Previous Symbol
CUSIPN/A
CIK719245
Webwww.westpac.com.au
Phone212-551-1835
Employees33,607
Year Founded1817

Sales & Book Value

Annual Sales$20.72 billion
Price / Sales3.33
Cash Flow$0.91 per share
Price / Cash Flow21.88
Book Value$13.41 per share
Price / Book1.49

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares3,447,570,000
Market Cap$68.99 billion
Next Earnings DateN/A
OptionableNot Optionable

Social Links

MarketRank^™

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

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Westpac Banking.

2.3 Community Rank

Outperform Votes
Westpac Banking has received 338 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Westpac Banking has received 396 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Westpac Banking has received 53.95% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Westpac Banking and other stocks. Vote “Outperform” if you believe WBK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WBK will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Westpac Banking is a leading dividend payer. It pays a dividend yield of 4.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Westpac Banking has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Westpac Banking is 204.65%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
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.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Westpac Banking insiders have not sold or bought any company stock.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Westpac Banking are expected to remain at $1.43 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Westpac Banking is 46.53, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Westpac Banking is 46.53, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.39.
Price to Earnings Growth Ratio
Westpac Banking has a PEG Ratio of 0.64. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Westpac Banking has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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?

Some companies that are related to Westpac Banking include Royal Bank of Canada (RY), HDFC Bank (HDB), Commonwealth Bank of Australia (CMWAY), The Toronto-Dominion Bank (TD), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Bank of Montreal (BMO), Australia and New Zealand Banking Group (ANZBY), ICICI Bank (IBN), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), Sumitomo Mitsui Financial Group (SMFG), Lloyds Banking Group (LYG) and Nordea Bank Abp (NRDBY).
View all of WBK's 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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