Bendigo & Adelaide Bank Issues Performance Rights Under Employee Scheme

Bendigo & Adelaide Bank ( (AU:BEN) ) has provided an update.

Bendigo & Adelaide Bank Limited announced the issuance of 10,976 performance rights under an employee incentive scheme. These unquoted securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted. This move is part of the bank’s strategy to incentivize employees, potentially impacting its operational dynamics and aligning employee interests with company performance.

The most recent analyst rating on (AU:BEN) stock is a Hold with a A$10.80 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 is a prominent player in the financial services industry, primarily offering banking products and services. The company focuses on providing a range of financial solutions to its customers, including personal and business banking, wealth management, and investment services, with a strong market presence in Australia.

YTD Price Performance: -6.91%

Average Trading Volume: 1,703,689

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$6.72B

For detailed information about BEN stock, go to TipRanks’ Stock Analysis page.