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’s what you need to know about AML and CTF laws if you invest in The Big 4 Banks
AML and CTF laws are particularly relevant to a handful of large companies, particularly the Big Four Banks as well…
Life360 (ASX:360): What other company lets you know where your loved ones are?
Life360 (ASX:360) is this week’s stock of the week. It is both an international and domestic stock, because the Silicon…
Universal Store (ASX:UNI): Positioned to benefit in FY25 as Millennials and Gen Z spend with a vengence
Let’s take a look at Universal Store (ASX:UNI), a chain of casual fashion stores aimed at Millennial and Gen Z…
Here’s how to buy US shares from Australia and 5 key factors for investors to consider
Many investors want to know how to buy US shares from Australia and we’ll seek to answer that question in…
Looking for EV stocks other than Tesla? Here are 5 of the hottest ones
Tesla (NDQ:TSLA) has undoubtedly been the pioneer among EV stocks, but it’s not the only one anymore. There are other pioneer…
How to achieve the Great Australian Dream through stock investing
Are you asking yourself how to achieve the Great Australian Dream? Some say it is no longer a thing given…
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.