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 the best trading platform for ASX stocks in 2024?
If you want to trade stocks on ASX, what’s the best trading platform for ASX shares? Unfortunately, there is no…
Goodman Group (ASX:GMG): It looks expensive, but can its expansion into Data Centers make it worth its high price?
Goodman Group (ASX:GMG), the ASX’s biggest industrial property player, is making a shift into the world of data centres. On…
Lovisa (ASX:LOV): How it has defied the demise of retail and why there’s more growth to come
The story of Lovisa (ASX:LOV), an Australian fashion jewellery retailer, is a compelling tale of strategic expansion and market mastery.…
Big Four Bank Stock Dividends: Which bank pays the highest?
Death, Taxes and Big Four Bank Stock Dividends…three certainties in life. Although the Big Banks’ dividends do not reach all…
MMA Offshore (ASX:MRM): A Surprising ASX Star, set for more growth in the next 12 months
Imagine a stock taking a giant leap where others just step – that’s MMA Offshore (ASX: MRM) for you. In…
Alumina’s Dramatic Turnaround: What’s Behind the Surprising Stock Surge?
On January 9, 2024, Alumina (ASX:AWC) witnessed an extraordinary increase in its stock value, closing at AU$0.98. This was the…
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.