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Bendigo & Adelaide Bank Announces Cessation of Performance Rights

Story Highlights
  • Bendigo & Adelaide Bank operates in financial services, focusing on retail and business banking.
  • The bank ceased 41,664 performance rights due to unmet conditions, impacting its capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bendigo & Adelaide Bank Announces Cessation of Performance Rights

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

Bendigo & Adelaide Bank Limited announced the cessation of 41,664 performance rights due to the conditions for these rights not being met or becoming incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders, reflecting the bank’s ongoing adjustments in its financial strategies.

The most recent analyst rating on (AU:BEN) stock is a Sell with a A$11.00 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, primarily serving customers in Australia.

Average Trading Volume: 1,092,254

Technical Sentiment Signal: Buy

Current Market Cap: A$7.48B

Learn more about BEN stock on TipRanks’ Stock Analysis page.

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