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
Is Lendlease (ASX:LLC) out of the doldrums for good?
Lendlease (ASX:LLC) has for the past several years been the classic definition of a ‘value trap’. You think a good…
ASX Futures in 2025: Riding the Wave or Getting Wiped Out? A Practical Guide for New Traders
New traders will encounter both risks and opportunities when trading ASX futures contracts on the Australian Securities Exchange in 2025.…
Recce’s R327G passed its Phase 2 trial with a 93% primary efficiacy endpoint!
Recce Pharmaceuticals (ASX:RCE) has completed its Phase 2 ABSSSI Clinical Trial (Acute Bacterial Skin and Skin Structure Infections) for RECCE® 327…
Cochlear (ASX:COH) is still a long term growth story you should listen to
Cochlear is one of few stocks that has created immense shareholder value and has also greatly improved the lives of…
So your company just unveiled unaudited results for FY25? Are they accurate and how much weight should I place on them?
It is reporting season soon but unaudited results are being released ahead of that by many companies and some have…
ASX Stocks to buy when interest rates fall: Here are our top 3 sectors
Many investors are asking what ASX Stocks to buy when interest rates fall. When exactly interest rates will fall 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.