Westpac Banking (WBK) Receiving Somewhat Favorable News Coverage, Analysis Shows

Press coverage about Westpac Banking (NYSE:WBK) has trended somewhat positive on Friday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westpac Banking earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.8457017086338 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of research firms recently issued reports on WBK. Zacks Investment Research reissued a “hold” rating on shares of Westpac Banking in a report on Saturday, January 13th. Macquarie raised shares of Westpac Banking from a “neutral” rating to an “outperform” rating in a report on Wednesday. ValuEngine downgraded shares of Westpac Banking from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Credit Suisse Group downgraded shares of Westpac Banking from an “outperform” rating to a “neutral” rating in a report on Monday, November 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Westpac Banking presently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of Westpac Banking (NYSE WBK) traded up $0.05 during trading hours on Friday, reaching $24.96. 464,894 shares of the company’s stock traded hands, compared to its average volume of 284,100. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.26 and a quick ratio of 1.26. Westpac Banking has a twelve month low of $22.17 and a twelve month high of $27.05. The stock has a market capitalization of $84,400.00, a P/E ratio of 13.64, a P/E/G ratio of 3.46 and a beta of 1.34.

The company also recently declared a None dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, November 13th were issued a dividend of $0.717 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a yield of 5.82%. This is an increase from Westpac Banking’s previous None dividend of $0.71. Westpac Banking’s payout ratio is currently 78.14%.

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Westpac Banking Company Profile

Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.

Insider Buying and Selling by Quarter for Westpac Banking (NYSE:WBK)

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