Bendigo stock: Citi maintains Sell rating at AUD 9.70 target

Published on 10/22/2026 at 21:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cash earnings rose 3.00 percent to AUD 530.20 million in fiscal year 2026. Bendigo stock costs EUR 6.43 on October 22, 2026.

Analyst target and earnings

Citi maintained a Sell rating and an AUD 9.70 target on October 18, 2026.
Cash earnings rose 3.00 percent to AUD 530.20 million in fiscal year 2026.
Bendigo stock costs EUR 6.43 at Lang & Schwarz on October 22, 2026 at 9:02 p.m. CEST.
The next interim report is scheduled for February 15, 2027.

Bendigo, AU000000BEN6, Illustration mit AI erstellt.

Bendigo stock remains tied to a cautious Citi view after Thomas Strong maintained a Sell rating and an AUD 9.70 price target in a report dated October 18, 2026, according to Markets Insider. The target is stated in Australian dollars, while Bendigo stock was trading at EUR 6.43 at Lang & Schwarz on October 22, 2026 at 9:02 p.m. CEST.

Earnings improved in fiscal 2026

Bendigo and Adelaide Bank reported cash earnings of AUD 530.20 million for fiscal year 2026, an increase of 3.00 percent from the prior year. Revenue reached AUD 2.046 billion, up 5.10 percent, according to The Globe and Mail. The same report said the bank was addressing deficiencies in non-financial risk management through a Financial Crime Transformation Program.

ASX price remains the local anchor

On the ASX, Bendigo shares were priced at AUD 10.30 at 4:40 p.m. on October 22, 2026, with a day high of AUD 10.31 and a day low of AUD 10.16. The stock's 52-week range was AUD 9.88 to AUD 12.93, putting the latest price AUD 2.63, or 20.34 percent, below the high. These figures were reported by Intelligent Investor.

Valuation and reporting dates

Intelligent Investor listed Bendigo's market capitalization at AUD 5.997 billion and its price-to-earnings ratio at 13.40 on October 22, 2026. The listed dividend yield was 6.00 percent, while the most recent 33-cent distribution had an ex-dividend date of September 1, 2026.

The next interim report is scheduled for February 15, 2027, and the next annual report is listed for August 23, 2027, according to Intelligent Investor. For investors, the key contrast is clear: fiscal 2026 cash earnings advanced 3.00 percent, while Citi's AUD 9.70 target remains below the latest ASX price of AUD 10.30.

What does the target imply?

Citi's AUD 9.70 target stands AUD 0.60 below the ASX price of AUD 10.30, a difference of 5.83 percent based on the October 22, 2026 quotation. The target therefore points to a lower valuation than the latest local-market price, even as the bank reported higher earnings and revenue for fiscal year 2026.

Trading position

The euro quotation gives German investors a separate intraday view of Bendigo stock, while the ASX quotation supplies the primary-market context. The latest available figures combine a EUR 6.43 Lang & Schwarz price, AUD 5.997 billion market capitalization and a 6.00 percent dividend yield.

The further course of trading is shown by the continuously updated real-time quote of Bendigo stock.