BENDIGO & ADELAIDE BANK LIMITED (BEN)
Share Price Analysis and Chart

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BEN

BEN - BENDIGO & ADELAIDE BANK LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Bendigo & Adelaide Bank is an Australian financial institution primarily focussed on retail banking. It is Australia's fifth largest retail bank. Bendigo Bank was first listed in 1985 and merged with Adelaide Bank in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.13

19 Oct
2026

-0.420

OPEN

$10.45

-3.98%

HIGH

$10.45

4,288,417

LOW

$10.06

TARGET
$9.90

-0.10 change from previous day

 -2.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BEN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 65.9 70.5 xxx
DPS (cps) xxx 63.0 63.0 xxx
EPS Growth xxx N/A 6.9% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 6.3% xxx
Div Pay Ratio(%) xxx 95.6% 89.4% xxx

Dividend yield today if purchased 3 years ago: 7.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.27

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/09 - ex-div 33.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx65.9
DPS All xxxxxxxxxxxxxxx63.0
Sales/Revenue xxxxxxxxxxxxxxx4,933.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,166.9
Net Operating Cash Flow xxxxxxxxxxxxxxx669.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx5.60 %
Return on Invested Capital xxxxxxxxxxxxxxx2.67 %
Return on Assets xxxxxxxxxxxxxxx0.36 %
Return on Equity xxxxxxxxxxxxxxx5.60 %
Return on Total Capital xxxxxxxxxxxxxxx2.99 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx282.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx3,741 M
Long Term Debt xxxxxxxxxxxxxxx6,949 M
Total Debt xxxxxxxxxxxxxxx10,690 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,452 M
Price To Book Value xxxxxxxxxxxxxxx0.90

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx29.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx562 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,528 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

20/10/2026

3

Neutral

$10.50

3.65%

At first glance, UBS describes the first quarter result from Bendigo & Adelaide Bank as "noisy". Cash net profit of $113m was up 18.5% on the second half quarterly average although the broker found comparisons difficult.

Net interest margin was 1.94% and down -6 basis points on the prior quarter. The broker points out the bank is more sensitive to rates than its peers, and increased mortgage competition and higher funding costs could outdo the benefits from asset repricing.

Term deposits grew more than transaction accounts and lending contracted -3% quarter on quarter. There was no new information on addressing the non-financial risk and potential associated fines. Neutral rating and $10.50 target.

FORECAST
UBS forecasts a full year FY27 dividend of 63.00 cents and EPS of 70.00 cents.
UBS forecasts a full year FY28 dividend of 63.00 cents and EPS of 78.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

25/08/2026

2

Overweight

$11.00

8.59%

Jarden maintains its Overweight recommendation for Bendigo & Adelaide Bank with an unchanged target price of $11.00 following a second-half financial result featuring cash net profit after tax of $274m, which beat consensus expectations of $261m by 5%.

Net interest income increased 2% half-on-half as net interest margin improved 6bps to 1.98%, driven by deposit mix improvements, term deposit repricing, and higher earnings from replacement capital.

Credit quality remained sound despite a slight increase in bad and doubtful debts to 4bps of gross loans and advances, while capital was reported with a common equity tier 1 ratio of 11.3%.

The board declared a steady dividend per share of 33.0c for the half.

The analyst notes that while underlying business trends are robust, an outstanding regulatory matter involving AUSTRAC remains a risk, though the bank is sufficiently capitalised to absorb potential penalties.
Access Extra Coverage Research History >

BEN STOCK CHART

FNArena News on BEN

1
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Aug 28 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 25, 2026

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Weekly Ratings, Targets, Forecast Changes – 21-08-26

Aug 24 2026 - Weekly Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-08-26

Aug 21 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Aug 20, 2026

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