Bendigo and Adelaide Bank Ltd (ASX: BEN) Share Price and News
Introduction to Bendigo and Adelaide Bank (ASX:BEN)
Bendigo and Adelaide Bank is a banking and financial institution on the ASX. The company is headquartered in Bendigo, Victoria, this financial powerhouse serves over 2.4 million customers and employs around 7,000 staff.
Bendigo and Adelaide Bank Company History
Bendigo and Adelaide Bank, is a merger product of Bendigo Bank and Adelaide Bank in 2007. The former began in 1858 in response to the Bendigo goldrush to serve migrants who moved there to prospect for gold. The latter was founded in 1877 as the Hindmarsh Building Society.
The pair merged in 2007 in a deal worth over $4bn. The idea was that the two would be better together with Adelaide Bank a specialist wholesale finance provider and Bendigo a pre-eminent retail bank in regional areas such as Bendigo.
Future Outlook of Bendigo and Adelaide Bank Ltd (ASX: BEN)
Bendigo faces a mixed future. It is ahead of its peers in many respects including its reputation and its digital home loan platform (Tiimely). On the other hand, it faces significant competition from the Big Four and non-financial lenders.
Is Bendigo and Adelaide Bank a Good Stock to Buy?
Investing in Bendigo and Adelaide Bank could be a smart move for those eyeing long-term stability and solid dividend returns. The bank's fully franked 6.7% yield is a boon for income-focused investors, particularly retirees. As a growth stock, it might not be as compelling given significant competition in the sector.
Our Stock Analysis
5 bad ASX IPOs that we think will bounce back…eventually
Yesterday we looked at bad ASX IPOs (and some foreign ones too) that bounced back. The lesson we hoped investors…
Atriva Therapeutics – a new take on influenza antivirals
In September 2023 a privately held German drug development company called Atriva Therapeutics announced that it was going to go…
Will Rio Tinto’s Sharеs Skyrockеt in 2024 On The Back Of Rising Commodity Pricеs?
Rio Tinto Ltd (ASX: RIO) has еxpеriеncеd a rollеr-coastеr ridе in its share price ovеr thе past yеar duе dynamic…
Allkem: From Mega Mergers to Record Revenue, What’s Driving The Hype?
Allkem Limitеd, a prominеnt mining company listеd on thе ASX/TSX under the ticker AKE, held its Annual General Meeting whеrе…
Here are 5 ASX stocks that should go up, but won’t
We thought we’d take a look at 5 ASX stocks that should go up…but we think actually won’t. Any company…
Rеd 5 Rockets to a 52-Week High: What’s Behind the Surge and What Lies Ahead?
Rеd 5 Limitеd (ASX:RED) recently hit a 52-wееk high of 34 cеnts, indicating significant markеt momеntum. This growth occurrеd aftеr…
Frequently Asked Questions
Bendigo and Adelaide Bank is renowned for its customer-centric approach and strong community engagement. It stands out in the Australian banking sector for its mutual structure, ensuring profits benefit both the bank and its communities.