The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is one that is often overshadowed by the company’s larger banking share peers on the S&P/ASX 200 Index (ASX: XJO), such as Commonwealth Bank of Australia (ASX: CBA) and the other big four banks.
But Bendigo Bank is still an ASX 200 banking share, and one with a dividend yield of 5.11% at that. It’s also been an ASX 200 market beater in 2022 so far, having risen more than 11.5% year to date.
So Bendigo Bank hasn’t been a great performer over the last few years. In fact, over the past five years, Bendigo Bank shares are still down by 12.7%.
So what is the highest this ASX banking share has ever traded at? Well, unfortunately for long-term investors, it was a very long time ago that we last saw this company’s all-time record high.
When did the Bendigo Bank share price last see an all-time high?
Let’s cast our minds back to the pre-GFC world of March 2007. On 19 March of that year, Bendigo Bank shares hit an intra-day high of $17.30. That is this bank’s highest-ever share price, and a level it has never reached since. Its highest-ever closing share price came a few days later, on 22 March 2007. That saw Bendigo Bank shares close at $17.18 each.
Boy, that’s a long way from the share price of $10.47 that the company has closed at today. Around 40% in fact.
It just goes to show some of the lasting damage that the global financial crisis brought to some of our financial institutions. The closest Bendigo Bank has come to those levels was back in early 2015. That saw the company hit just over $14.30 a share. But alas, that was evidently not to last either.
At the last Bendigo Bank share price, this ASX 200 banking share has a market capitalisation of $5.86 billion.
The post What was the highest ever Bendigo Bank share price? appeared first on The Motley Fool Australia.
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More reading
- Here are the 5 best performing ASX 200 bank shares of the March quarter
- It’s payday for Bendigo Bank (ASX:BEN) shareholders today. Here’s the deal
- How did ASX 200 bank shares perform today?
- Why has the Bendigo Bank (ASX:BEN) share price been smashing BOQ in 2022?
- Can the Bendigo Bank (ASX:BEN) share price stick above the $10 mark?
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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