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The latest update is out from Mystate Limited ( (AU:MYS) ).
MyState Limited has reported significant growth in key financial metrics following its merger with Auswide, with a 17% increase in underlying profit after tax and a 22.4% rise in total operating income for FY25. The merger has enabled MyState to achieve $8.4 million in annualized synergies within four months, with further cost synergies expected over the next three years. The company has also been investing in digital systems and partnerships to drive efficiencies and growth across its businesses, including a new digital banking platform for MyState Bank and a partnership with Elders for Auswide. The Board declared a final dividend of 11.0 cents per share, reflecting the company’s strong financial performance and strategic investments.
The most recent analyst rating on (AU:MYS) stock is a Buy with a A$4.31 price target. To see the full list of analyst forecasts on Mystate Limited stock, see the AU:MYS Stock Forecast page.
More about Mystate Limited
MyState Limited, which now includes MyState Bank, Auswide Bank, Selfco, and TPT Wealth, operates in the financial services industry. The company serves over 275,000 customers across Australia’s eastern seaboard, managing $12.9 billion in home loans, $10.1 billion in customer deposits, and nearly $1 billion in funds under management.
Average Trading Volume: 188,120
Technical Sentiment Signal: Buy
Current Market Cap: A$786.3M
See more insights into MYS stock on TipRanks’ Stock Analysis page.