Monday , January 25 2021

Westpac Banking (WBK) Upgraded to Hold by Zacks Investment Research



Zacks Investment Research upgraded shares Westpac Banking (NYSE: WBK) rating report a rating report on a hold on Wednesday morning.

According to Zacks, “Westpac Banking Corp. provides a broad range of banking and financial services. Investment credit and insurance. He has been working in the field of currency investment. “

Several other analysts have also weighed in on the company. Report a comment on Friday, August 17th. Citigroup upgraded to Westpac Banking on Tuesday, November 6th. Three investment analysts have a rating, one has been assigned a rating of two. Westpac Banking has a rating of $ 25.00.

Shares of WBK opened at $ 18.62 on Wednesday. The company has a market cap of $ 61.98 billion, a PE ratio of 10.70, a PEG ratio of 5.42 and a beta of 1.20. Westpac Banking has a 1 year low of $ 18.22 and a 1 year high of $ 25.59. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.26 and a current ratio of 1.26.

The business dividend, which will be paid on Monday, December 31st. Of course will be issued a dividend of $ 0.6766 per share. The ex-dividend date is Friday, November 9th. It represents a yield of 7.09%. Westpac Banking’s payout ratio is currently 77.01%.

Large investors have recently added to their stock. Whittier Trust Co. of Nevada Inc. raised its holdings in Westpac Banking by 526.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. Bank shares valued at $ 131,000 after buying an additional 3,424 shares during the period. Atlas Capital Advisors LLC valued at $ 183,000 during the 2nd quarter. BTC Capital Management Inc. during the 2nd quarter, valued at $ 203,000. Ridgewood Investments LLC has been valued at $ 224,000 during the 2nd quarter. Finally, Rhumbline Advisers was valued at $ 225,000 during the 3rd quarter. Institutional investors own 0.54% of the company’s stock.

About Westpac Banking

Westpac Banking Corporation provides 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; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services.

Recommended Story: How can investors find ex-dividend dates?

Get a free copy of the Zacks research report on Westpac Banking (WBK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Westpac Banking (NYSE: WBK)



Receive News & Ratings for Westpac Banking Daily – Enter your email address and newsletter for free online newsletter.


Source link