NYSE:WBKWestpac Banking Stock Price, Forecast & News

$9.94

+0.01 (+0.10 %)

(As of 05/25/2020 04:00 PM ET)

Add

Compare

Today's Range

$9.76

Now: $9.94▼

$10.00

50-Day Range

$9.36

MA: $9.95▼

$10.48

52-Week Range

$7.98

Now: $9.94▼

$20.56

Volume604,921 shs

Average Volume862,796 shs

Market Capitalization$34.27 billion

P/E Ratio7.47

Dividend Yield10.98%

Beta1.03

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services. It also provides home and content, landlord, car, travel, boat, caravan and trailer, life, credit card and loan repayment, income protection, business, farm pack, person income, and business overheads insurance products; superannuation and retirement products; investment portfolios; instalment warrants; and trading, financial advisory, wealth, foreign currency exchange, international payment, cash flow management, international trade, and import and export services. In addition, it offers industry specific banking and treasury services; other services, such as emergency cash, online and telephone banking, ATMs, unclaimed money, travel center, margin lending, and banking services to migrants moving to Australia; and mobile wallets. Further, it provides capital advisory and fund management, transactional and private banking, and financial market services. It serves individuals; micro, small, and medium enterprises; 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.

Beat the Market (BTM) Rank^™

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 332 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Westpac Banking has received 387 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Westpac Banking has received 53.82% “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.

1.7 Dividend Strength

Dividend Leadership
Westpac Banking is a leading dividend payer. It pays a dividend yield of 10.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Westpac Banking has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Westpac Banking is 81.95 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Westpac Banking will have a dividend payout ratio of 103.81 % in the coming year. This indicates that Westpac Banking may not be able to sustain their current 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.
Percentage Held by Institutions
Only 0.45% of the stock of Westpac Banking is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Westpac Banking are expected to grow by 36.36% in the coming year, from $0.77 to $1.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Westpac Banking is 7.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Westpac Banking is 7.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.63.
Price to Earnings Growth Ratio
Westpac Banking has a PEG Ratio of 4.34. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Westpac Banking has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.42 out of 5 stars

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

Debt

Debt-to-Equity Ratio3.13

Current Ratio1.19

Quick Ratio1.24

Price-To-Earnings

Trailing P/E Ratio7.47

Forward P/E Ratio12.91

P/E Growth4.34

Sales & Book Value

Annual Sales$24.94 billion

Price / Sales1.37

Cash Flow$1.55 per share

Price / Cash Flow6.42

Book Value$13.37 per share

Price / Book0.74

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees33,288

Outstanding Shares3,447,570,000

Market Cap$34.27 billion

Next Earnings DateN/A

OptionableNot Optionable

Receive WBK News and Ratings via Email

Sign-up to receive the latest news and ratings for WBK and its competitors with MarketBeat's FREE daily newsletter.

Westpac Banking (NYSE:WBK) Frequently Asked Questions

How has Westpac Banking's stock been impacted by COVID-19 (Coronavirus)?

Westpac Banking's stock was trading at $12.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WBK shares have decreased by 19.8% and is now trading at $9.94. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Westpac Banking?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westpac Banking in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Westpac Banking.

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

Westpac Banking declared a Semi-Annual dividend on Monday, November 4th. Investors of record on Tuesday, November 12th will be given a dividend of $0.547 per share on Monday, December 30th. The ex-dividend date of this dividend is Friday, November 8th. View Westpac Banking's dividend history.

Has Westpac Banking been receiving favorable news coverage?

Media stories about WBK stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Westpac Banking earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutWestpac Banking.

Who are some of Westpac Banking's key competitors?

Some companies that are related to Westpac Banking include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Sumitomo Mitsui Financial Grp (SMFG), Banco Santander (SAN), HANG SENG BK LT/S (HSNGY), Boc Hong Kong (BHKLY), Bank of Montreal (BMO), ANZ (ANZBY), Canadian Imperial Bank of Commerce (CM), OVERSEA-CHINESE/ADR (OVCHY), ICICI Bank (IBN) and NORDEA Bk AB SW/S (NRDBY). View all 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), Apollo Global Management (APO), Chaarat Gold (CGH), First Data (FDC), China Unicom (Hong Kong) (CHU) and Ciena (CIEN).

Who are Westpac Banking's key executives?

Westpac Banking's management team includes the following people:

Mr. Brian Charles Hartzer B.A., C.F.A., MD, CEO & Director (Age 52)
Mr. Peter Francis King F.C.A., BEc, FCA, Chief Financial Officer (Age 49)
Mr. Gary Thursby F.C.A., BEc, DipAcc, FCA, Chief Operating Officer (Age 57)
Ms. Christine Parker, Group Exec. of HR (Age 59)
Mr. George Frazis M.B.A., Exec. Officer (Age 55)

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 a number of institutional and retail investors. Top institutional investors include Parametric Portfolio Associates LLC (0.09%), Aperio Group LLC (0.01%), Morgan Stanley (0.01%), Athos Capital Ltd (0.01%), Wells Fargo & Company MN (0.01%) and Crossmark Global Holdings Inc. (0.01%).

Which institutional investors are selling Westpac Banking stock?

WBK stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Aperio Group LLC, Jane Street Group LLC, Wetherby Asset Management Inc., US Bancorp DE, Two Sigma Advisers LP, Rodgers Brothers Inc., and Comerica Bank.

Which institutional investors are buying Westpac Banking stock?

WBK stock was bought by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Athos Capital Ltd, Avalon Investment & Advisory, Natixis Advisors L.P., M&T Bank Corp, Morgan Stanley, Bank of New York Mellon Corp, and Engineers Gate Manager LP.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Westpac Banking's stock price today?

One share of WBK stock can currently be purchased for approximately $9.94.

How big of a company is Westpac Banking?

Westpac Banking has a market capitalization of $34.27 billion and generates $24.94 billion in revenue each year. The bank earns $4.77 billion in net income (profit) each year or $1.33 on an earnings per share basis. Westpac Banking employs 33,288 workers across the globe.

What is Westpac Banking's official website?

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

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 5/25/2020 by MarketBeat.com Staff