OLD National Bancorp IN purchased a new position in shares of Westpac Banking Corp (NYSE:WBK) during the second quarter, Holdings Channel reports. The firm purchased 10,637 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC increased its stake in Westpac Banking Corp by 5.2% in the second quarter. Kistler Tiffany Companies LLC now owns 4,645 shares of the company’s stock worth $103,000 after buying an additional 229 shares during the period. Huntington National Bank bought a new stake in Westpac Banking Corp during the second quarter worth about $157,000. Financial Counselors Inc. bought a new stake in Westpac Banking Corp during the second quarter worth about $210,000. Janney Montgomery Scott LLC bought a new stake in Westpac Banking Corp during the second quarter worth about $211,000. Finally, Boys Arnold & Co. Inc. bought a new stake in Westpac Banking Corp during the second quarter worth about $212,000.

Westpac Banking Corp (NYSE:WBK) traded up 0.54% during trading on Monday, hitting $22.19. 59,858 shares of the stock traded hands. The firm has a 50-day moving average price of $22.91 and a 200 day moving average price of $22.74. The company has a market cap of $73.82 billion, a P/E ratio of 11.90 and a beta of 1.45. Westpac Banking Corp has a 52-week low of $19.83 and a 52-week high of $25.32.

A number of research firms recently issued reports on WBK. Zacks Investment Research downgraded shares of Westpac Banking Corp from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Credit Agricole SA downgraded shares of Westpac Banking Corp from an “underperform” rating to a “sell” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. downgraded shares of Westpac Banking Corp from an “overweight” rating to a “neutral” rating in a report on Thursday, August 11th. Finally, Macquarie upgraded shares of Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 24th.

Westpac Banking Corp Company Profile

Westpac Banking Corporation is a banking organization. The Company provides banking and financial services in markets, including consumer, business and institutional banking and wealth management services. It has three segments: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand.

5 Day Chart for NYSE:WBK

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