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Bendigo Bank (BEN)

ASX.BEN $9.33

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ASX.BEN $9.33

20 MINUTE DELAYED

TODAY

0.00 %

1 YEAR RETURN

-10.29%

VOLUME

1,471,080

DIV YIELD

5.68%

PE RATIO

8.47

52 WEEK RANGE

8.43

11.27

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	9.33
Change	0.00 (0.00)
Bid / Ask	9.33 - 9.37
Volume	1,471,080
Volume (3mths avg)	33,435,770
Turnover	13,751,548
Open	9.30
Day Range	9.24 - 9.42
VWAP	9.35
Prev Close	9.33
Last Trade	06.10 29/06 (AEST)

KEY INFORMATION
Sector	Financial
Shares Issued	560,916,236
NTA/Share	11.91
Last Dividend	0.27
Dividend Ex Date	07 MAR 2022
Dividend Pay Date	31 MAR 2022

CURRENT (AUD)
Revenue	1,684.50
EBITDA	959
Profit	457.20
Earnings Per Share (EPS)	0.98
Dividend Per Share (DPS)	0.55
Yield %	5.68
Market Cap	5,271.62
Price to Earnings Ratio (P/E)	8.47

TARGET PRICE FORECAST

ESTIMATES (AUD)
Revenue	1,738.60
EBITDA	0.00
Profit	495.69
Dividend Per Share (DPS)	0.52
Earnings Per Share (EPS)	0.81

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (HOLD)

2.76

OPINION

26/10/2021 17:06

Banks

Barrenjoey initiated on the banks today with banking analyst Jono Mott leading the coverage. At Shaw, we have a research partnership with UBS which is where Jono was, and while I only had lunch with him once, he’s an exceptional analysts, the best articulator of key themes I’ve come across. The Barrenjoey calls in the banks today were interesting, essentially they are:

17/08/2021 09:26

Bendigo & Adelaide Bank (BEN) $10.00

Yesterday saw Australian regional bank BEN plunge almost 10% after disappointing investors on both the margin and cost front. MM has lightened our banks exposure into recent strength and while we are in no hurry to wade back into the sector another ~10% downside for BEN & / or Westpac (WBC) will be tempting – remember we are ultimately bullish bond yields which should create a tailwind for the sector.

16/08/2021 08:11

Reporting Today (BPT, BEN, BSL, CAR, GPT, JBH, LLC, SWM)

Reporting Calendar: Download here Companies reporting today on MM’s radar include: Beach Energy (BPT) FY21 Results: NPAT expected to be $324m

08/06/2021 09:32

Bendigo Bank (BEN) & Bank of QLD (BOQ)

This tie up has been touted for some time however it makes total sense in MM’s view, both banks are capped ~$6bn and are in need of major IT upgrades, both in terms of delivering on customer expectations on the technology side plus of course meeting growing regulatory demands.

25/05/2021 09:31

Bendigo & Adelaide Bank (BEN) $10.26

BEN is a bank which certainly likes to spike higher on news, last February it surged higher following its half-year result but things tend to calm down fairly quickly afterwards, the stocks actually fallen more than 3% during the last month leaving us more comfortable as observers at least short-term.

16/02/2021 16:10

Bendigo & Adelaide Bank (BEN) $10.56

BEN delivered an excellent result which saw the bank catapult over 11% higher, a huge move for the sector.

16/02/2021 09:53

Bendigo Bank (BEN) $10.56

Bendigo Bank (BEN) +11.28%: We touched on a strong BEN result this morning with cash profit coming in at $220m v $173m expected, a 27% beat however I was looking at other previews this morning and Credit Suisse had $126m pencilled in, a huge beat to those bearish / wrong assumptions

ACTION

BEN

UPDATED 18/08/2021 10:05

MM might consider BEN closer to $9

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BEN

UPDATED 08/06/2021 09:39

We like the prospect of a BEN/BOQ tie up

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BEN

UPDATED 25/05/2021 09:36

MM likes BEN ~$9.50

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BEN

UPDATED 16/02/2021 16:02

MM is bullish BEN although prefer WBC on valuation

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Business Summary

Bendigo and Adelaide Bank Limited offers a variety of banking and other financial services, including first mortgage housing finance, retail and business banking, commercial finance, funds management, treasury and foreign exchange services, superannuation and trustee services. Bendigo also offers internet banking.