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
Here are 6 investment strategies. Which one is right for you?
Investment strategies are important for any investor, regardless of the size of their portfolio. But what are some of the…
ASX quarterly reports: 3 things investors need to look for
This week is one of those four times of the year that ASX quarterly reports are due. Companies that are…
Here are 4 important things to look for in an ASX listed company CEO
An ASX listed company CEO has a lot of power and a lot of responsibility. She or he will likely…
Who makes better investors in 2023 – men or women?
Who make better investors? A recent study showed that women make better investors than men. But before you go and…
4 Tips to Rebuild your Wealth after Divorce
Are you divorced and feeling like you’re financial life is in shambles? You’re not alone. Many people who go through…
Can we expect a bull market in 2023?
Will we see a bull market in 2023? Move over bears, Stuart Roberts from Stocks Down Under is bullish for…
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.