Westpac Banking (WBK) Given Media Sentiment Score of 0.14
Press coverage about Westpac Banking (NYSE:WBK) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westpac Banking earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.2351363552275 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research analysts have recently issued reports on WBK shares. Zacks Investment Research lowered shares of Westpac Banking from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Credit Suisse Group lowered shares of Westpac Banking from an “outperform” rating to a “neutral” rating in a research note on Monday, November 6th. Finally, ValuEngine lowered shares of Westpac Banking from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.00.
Shares of Westpac Banking (NYSE WBK) traded down $0.27 during midday trading on Wednesday, hitting $23.30. 235,100 shares of the stock traded hands, compared to its average volume of 187,517. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.26 and a current ratio of 1.26. Westpac Banking has a one year low of $22.17 and a one year high of $27.05.
The company also recently disclosed a None dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, November 13th will be paid a dividend of $0.717 per share. This is a positive change from Westpac Banking’s previous None dividend of $0.71. The ex-dividend date is Friday, November 10th. This represents a yield of 5.82%.
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About Westpac Banking
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.
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