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
What is Reflexivity theory in relation to stocks and here’s how it made George Soros rich
If you have ever thought your stocks is influenced more by perceptions and actions of investors rather than fundamentals, that…
Here are 4 ASX stocks that changed their name recently
How often do you find ASX stocks that changed their name and you likely didn’t know about it? Stocks can…
Should I buy Qantas shares in 2024?
In this article, we’ll look to answer the question: Should I buy Qantas shares? Qantas (ASX:QAN) has recorded significant windfall…
Investing in stocks for retirement: Here’s why you should give it serious thought
Investing in stocks for retirement is an excellent option to consider. Investing in stocks can help you build a substantial nest…
Politicians on ASX boards: Here are 10 of the most noteworthy
We’re taking a look at politicians on ASX boards. In politics, your time comes and goes, and eventually it is…
Here are the 5 best books about share trading
Books about share trading are a great way for beginners to get started and for more experienced investors to gain…
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.