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Bendigo & Adelaide Bank Announces Director’s Change in Shareholding

Story Highlights
  • Bendigo & Adelaide Bank operates in financial services, focusing on retail and business banking.
  • Director Richard Deutsch’s shares increased due to rights conversion under the equity plan.
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Bendigo & Adelaide Bank Announces Director’s Change in Shareholding

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The latest announcement is out from Bendigo & Adelaide Bank ( (AU:BEN) ).

Bendigo & Adelaide Bank has announced a change in the interests of its director, Richard David Deutsch, involving the conversion of rights to shares into ordinary shares. This change reflects the vesting of rights under the BEN Omnibus Equity Plan, resulting in an increase in Deutsch’s direct holdings of BEN ordinary shares. Such adjustments in director’s interests are part of routine corporate governance and may impact the perception of the company’s stock management and director alignment with shareholder interests.

The most recent analyst rating on (AU:BEN) stock is a Sell with a A$10.50 price target. To see the full list of analyst forecasts on Bendigo & Adelaide Bank stock, see the AU:BEN Stock Forecast page.

More about Bendigo & Adelaide Bank

Bendigo & Adelaide Bank Limited operates in the financial services industry, providing a range of banking products and services. The company focuses on retail banking, business banking, and wealth management services, primarily serving individuals and businesses in Australia.

YTD Price Performance: 4.70%

Average Trading Volume: 1,099,559

Technical Sentiment Signal: Buy

Current Market Cap: A$7.56B

See more data about BEN stock on TipRanks’ Stock Analysis page.

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