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
Can COSOL (ASX: COS) get back to its 93 cent all-time-high?
COSOL (ASX: COS) provides asset management solutions to asset-intensive industries. It offers Enterprise Asset Management (EAM) and Enterprise Resource Planning…
We see a 20% downside potential to Adbri’s (ASX: ABC) share price!
Adbri (ASX: ABC) manufactures, imports and sells construction materials in Australia. Its products include industrial lime, cement and concrete. The…
Synlait Milk’s (ASX: SM1) skimmed share price looks like it’s got some attractive upside
Synlait Milk (ASX: SM1) manufactures and sells dairy and nutritional products, including infant and adult nutritional powders, skim milk and…
Why buying Australian Cash ETFs makes sense for investors
What are Exchange Traded Funds (ETFs)? ETFs are funds that track the performance of specific indexes or assets and seek…
Alpha HPA’s (ASX: A4N) share price is spiking into uncharted territory
Alpha HPA (ASX: A4N) is an Australian chemical company that is trying to exploit the expanded market opportunities for High…
Acrow Formwork’s (ASX: ACF) share price is set to continue its long-term uptrend in 2023
Written on 1 December 2022 Acrow Formwork And Construction Services (ASX: ACF) provides scaffolding and formwork solutions as well…
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.