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How to buy Westpac Banking Corporation (WBK) stock

Learn how to easily invest in Westpac Banking Corporation stock.

Westpac Banking Corporation
NYSE: WBK - USD
BANKS-DIVERSIFIED
$18.09
-$0.07 (-0.39%)

Westpac Banking Corporation is a banks-diversified business based in the US. Westpac Banking Corporation shares (WBK) are listed on the NYSE and all prices are listed in US Dollars. Westpac Banking Corporation employs 33,607 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Westpac Banking Corporation

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – WBK – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Westpac Banking Corporation stock price (NYSE: WBK)

Use our graph to track the performance of WBK stocks over time.

Westpac Banking Corporation shares at a glance

Information last updated 2021-07-23.
Latest market close$20.43
52-week range$10.91 - $20.82
50-day moving average $19.59
200-day moving average $18.80
Wall St. target price$24.34
PE ratio 20.5311
Dividend yield $0.89 (4.9%)
Earnings per share (TTM) $0.89

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Westpac Banking Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Westpac Banking Corporation price performance over time

Historical closes compared with the close of $20.43 from 2021-05-26

1 week (2021-07-17) N/A
1 month (2021-06-28) 5.04%
3 months (2021-04-28) 3.03%
6 months (2021-01-24) N/A
1 year (2020-07-24) N/A
2 years (2019-07-24) N/A
3 years (2018-07-24) N/A
5 years (2016-07-24) N/A

Is Westpac Banking Corporation under- or over-valued?

Valuing Westpac Banking Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Westpac Banking Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Westpac Banking Corporation's P/E ratio

Westpac Banking Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Westpac Banking Corporation shares trade at around 21x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Westpac Banking Corporation's PEG ratio

Westpac Banking Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.6051. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Westpac Banking Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Westpac Banking Corporation financials

Revenue TTM $19.7 billion
Operating margin TTM 45.08%
Gross profit TTM $17 billion
Return on assets TTM 0.49%
Return on equity TTM 6.51%
Profit margin 23.06%
Book value $19.66
Market capitalisation $67.1 billion

TTM: trailing 12 months

Shorting Westpac Banking Corporation shares

There are currently 403,120 Westpac Banking Corporation shares held short by investors – that's known as Westpac Banking Corporation's "short interest". This figure is 2.6% down from 413,680 last month.

There are a few different ways that this level of interest in shorting Westpac Banking Corporation shares can be evaluated.

Westpac Banking Corporation's "short interest ratio" (SIR)

Westpac Banking Corporation's "short interest ratio" (SIR) is the quantity of Westpac Banking Corporation shares currently shorted divided by the average quantity of Westpac Banking Corporation shares traded daily (recently around 96440.19138756). Westpac Banking Corporation's SIR currently stands at 4.18. In other words for every 100,000 Westpac Banking Corporation shares traded daily on the market, roughly 4180 shares are currently held short.

However Westpac Banking Corporation's short interest can also be evaluated against the total number of Westpac Banking Corporation shares, or, against the total number of tradable Westpac Banking Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Westpac Banking Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Westpac Banking Corporation shares in existence, roughly 0 shares are currently held short) or 0.0001% of the tradable shares (for every 100,000 tradable Westpac Banking Corporation shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Westpac Banking Corporation.

Find out more about how you can short Westpac Banking Corporation stock.

Westpac Banking Corporation share dividends

87%

Dividend payout ratio: 86.69% of net profits

Recently Westpac Banking Corporation has paid out, on average, around 86.69% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.95% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Westpac Banking Corporation shareholders could enjoy a 4.95% return on their shares, in the form of dividend payments. In Westpac Banking Corporation's case, that would currently equate to about $0.89 per share.

Westpac Banking Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Westpac Banking Corporation's most recent dividend payout was on 5 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 11 May 2021 (the "ex-dividend date").

Have Westpac Banking Corporation's shares ever split?

Westpac Banking Corporation's shares were split on a 5:1 basis on 18 August 2013. So if you had owned 1 share the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your Westpac Banking Corporation shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Westpac Banking Corporation shares which in turn could have impacted Westpac Banking Corporation's share price.

Westpac Banking Corporation share price volatility

Over the last 12 months, Westpac Banking Corporation's shares have ranged in value from as little as $10.9128 up to $20.82. A popular way to gauge a stock's volatility is its "beta".

WBK.US volatility(beta: 0.76)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Westpac Banking Corporation's is 0.7625. This would suggest that Westpac Banking Corporation's shares are less volatile than average (for this exchange).

Westpac Banking Corporation overview

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.

Frequently asked questions

What percentage of Westpac Banking Corporation is owned by institutions?
Currently 0.506% of Westpac Banking Corporation shares are held by institutions.
How many people work for Westpac Banking Corporation?
Latest data suggests 33,607 work at Westpac Banking Corporation.
When does the fiscal year end for Westpac Banking Corporation?
Westpac Banking Corporation's fiscal year ends in September.
Where is Westpac Banking Corporation based?
Westpac Banking Corporation's address is: 275 Kent Street, Sydney, NSW, Australia, 2000
What is Westpac Banking Corporation's ISIN number?
Westpac Banking Corporation's international securities identification number is: US9612143019
What is Westpac Banking Corporation's CUSIP number?
Westpac Banking Corporation's Committee on Uniform Securities Identification Procedures number is: 961214301

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