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

trade international stocks

So you want to trade international stocks? Here’s 4 things to consider

Modern technology allows Australian investors to trade international stocks just like local shares. Stocks Down Under Concierge, recognising this, has…

expensive share price

Is $100 or more an expensive share price? Here’s why it’s not

With few ASX companies with share prices over $100, you’d be forgiven for thinking it is an expensive share price. Overseas,…

predictive discovery

Predictive Discovery (ASX:PDI): It’s got a 4.2Moz gold deposit, but should you buy now?

Few stocks have ever gained more than 700% in a day, but Predictive Discovery (ASX:PDI) did just that back in…

mining stocks

Want to invest in mining stocks? Here are 3 important things for investors to consider

Mining stocks are a popular investment choice with investors in Australia. But as with all sectors, investors need to do…

ndis

The NDIS changes: These 2 ASX stocks are exposed

10 years since the NDIS (National Disability Insurance Scheme) was founded and labelled the most important reform since Medicare, it…

xero's FY23 results

Xero’s FY23 results were spectacular for the company, but here’s why it might be great news for other tech stocks too

Xero’s FY23 results were released yesterday and the market responded favourably – at least if yesterday’s share price movement is…

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.