Citi keeps Sell on Bendigo stock with AUD 9.70 target amounting to 3.86 percent downside

Published on 10/20/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cash earnings reached AUD 112.70 million, up 18.50 percent in first-quarter FY27. Bendigo stock costs EUR 6.28 on October 20, 2026, down 0.39 percent on ASX.

Analyst target and earnings

Citi maintained a Sell rating and set an AUD 9.70 target on October 18, 2026.
First-quarter fiscal 2027 cash earnings reached AUD 112.70 million, up 18.50 percent.
Bendigo stock costs EUR 6.28 at Lang & Schwarz on October 20, 2026 at 6:42 p.m. CEST, down 0.39 percent on the ASX.
The next interim report is scheduled for February 15, 2027.

Bendigo, AU000000BEN6, Illustration mit AI erstellt.

Bendigo (AU000000BEN6) is trading at EUR 6.28 at Lang & Schwarz on October 20, 2026 at 6:42 p.m. CEST. On the ASX, the stock was down 0.39 percent from the prior close of AUD 10.13, while Citi maintained a Sell rating with an AUD 9.70 price target on October 18, 2026, according to Markets Insider. The target is 3.86 percent below the ASX price of AUD 10.09.

Cash earnings rose in FY27

Bendigo and Adelaide Bank reported unaudited cash earnings of AUD 112.70 million for the quarter ended September 30, 2026, up 18.50 percent from the second-half fiscal 2026 quarterly average. Statutory net profit after tax was AUD 66.00 million, down 8.60 percent from the preceding quarter.

The net interest margin was 1.94 percent in the first quarter, down 0.06 percentage points from the fourth quarter. Customer deposits reached AUD 74.30 billion, up 4.80 percent on an annualized basis, while term deposits rose 13.30 percent annualized, according to The Motley Fool Australia.

Price position and valuation

The ASX quote stood at AUD 10.09 on October 20, 2026 at 4:10 p.m. AEDT, with a day range of AUD 9.99 to AUD 10.14. The 52-week range was AUD 9.81 to AUD 13.11, placing the share 22.96 percent below its high and 2.85 percent above its low. Trading volume reached 2,082,663 shares.

Bendigo's price-to-earnings ratio was 16.54 and its market capitalization was AUD 5.8 billion on October 20, 2026. The next interim report is scheduled for February 15, 2027, according to Intelligent Investor.

Comparison with peers

Bendigo and Adelaide Bank: down 0.39 percent, P/E 16.54, market capitalization AUD 5.8 billion.

Commonwealth Bank of Australia (ASX, AUD): up 0.14 percent, P/E 23.94, market capitalization AUD 260.1 billion.

National Australia Bank (ASX, AUD): down 1.75 percent, P/E 20.42, market capitalization AUD 122.0 billion.

Analyst target sets the market frame

Citi's AUD 9.70 target sits below Bendigo's AUD 10.09 ASX price, while the latest quarterly figures show stronger cash earnings but a lower margin. The combination leaves the analyst view and deposit trends as the main measurable counterweights in the current picture.

Bendigo was trading at EUR 6.28 at Lang & Schwarz on October 20, 2026 at 6:42 p.m. CEST, with the ASX session down 0.39 percent versus AUD 10.13.

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