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
Why have pot stocks been bad investments in the last 5 years despite ruthless liberalisation
If you look at the performance of most pot stocks in the past 5 years, you’d think the pot industry…
6 ASX stocks at risk of delisting in the next 12 months
A couple of weeks ago, a list of ASX stocks at risk of delisting was released on the market announcements…
What are hedge funds and why do hedge fund managers get paid so much?
Let’s take a look at hedge funds. They are no ordinary ways of managing money, they are amongst the most…
Does Dusk Group (ASX:DSK) smell undervalued? It all depends on what consumers do with their Stage 3 tax cuts
Dusk Group (ASX:DSK) purports to be Australia’s favourite home fragrance seller. Investors haven’t been sharing the love for it as…
5 Best Stocks Under $100 To Buy Now
If you’re new to investing and don’t have a lot of money to start with, will you be missing out…
Telix Pharmaceuticals (ASX:TLX): Is there further upside to be excited for in FY25?
What would you have thought if you were told 5 years ago you would see Telix Pharmaceuticals as a successful…
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.