BANK OF QUEENSLAND LIMITED (BOQ)
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BOQ

BOQ - BANK OF QUEENSLAND LIMITED

FNArena Sector : Banks
Year End: August
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Bank of Queensland is an Australian retail bank headquarted in Brisbane. It was formed in 1874 as a building society and adopted its current name in 1970, before listing on the ASX in 1972.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.98

03 Nov
2026

0.020

OPEN

$6.98

0.29%

HIGH

$7.00

1,385,711

LOW

$6.87

TARGET
$6.353 -9.0% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
BOQ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 38.1 53.6 xxx
DPS (cps) xxx 55.0 40.1 xxx
EPS Growth xxx 88.3% 40.8% xxx
DPS Growth xxx 44.7% - 27.1% xxx
PE Ratio xxx N/A 12.9 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 144.5% 74.8% xxx

Dividend yield today if purchased 3 years ago: 10.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.93

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/10 - ex-div 20.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx38.1
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx4,881.0 M
Book Value Per Share xxxxxxxxxxxxxxx875.7
Net Operating Cash Flow xxxxxxxxxxxxxxx1,288.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx4.29 %
Return on Invested Capital xxxxxxxxxxxxxxx1.19 %
Return on Assets xxxxxxxxxxxxxxx0.26 %
Return on Equity xxxxxxxxxxxxxxx4.29 %
Return on Total Capital xxxxxxxxxxxxxxx1.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx900.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx1,427 M
Long Term Debt xxxxxxxxxxxxxxx13,840 M
Total Debt xxxxxxxxxxxxxxx15,267 M
Goodwill - Gross xxxxxxxxxxxxxxx397 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,918 M
Price To Book Value xxxxxxxxxxxxxxx0.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx127.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx546 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx18,059 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

4

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

16/10/2026

3

Neutral

$6.80

-2.58%

Further to the FY26 result from Bank of Queensland, UBS downgrades cash net profit estimates by -4.8% in FY27 and -16.6% in FY28. The decline may appear large but reflects the divestment of the equipment finance book, the broker explains.

Earnings expectations are also driven by better-than-expected margins and some recovery in lending growth. Credit impairments are also expected to increase from a continued push into commercial lending.

Neutral rating and $6.80 target retained.

***

At first read, UBS observes the outlook for FY27 is expected to become more challenging with a more competitive backdrop.

The FY26 results for Bank of Queensland showed cash earnings were in line with expectations with EPS lower than the analyst expected but a beat on consensus. The 2H26 DPS of 20c was broadly in line with forecast but well below consensus at 29.3c per share.

Total income rose 1.8%. A beat with the NIM at 1.73% higher than the expected 1.70% for UBS and consensus. Opex beat and return on equity of 6.1% missed the broker's expectations and beat consensus.

Management has indicated a slight uptick in 1H27 margins and the share buyback to be complete during FY27 with $185m remaining.

The FY26 result was largely pre-guided as expected. Management is targeting flat cost growth from ME commissioning and Capgemini partnership.

Neutral. Target $6.80.

FORECAST
UBS forecasts a full year FY27 dividend of 40.50 cents and EPS of 53.00 cents.
UBS forecasts a full year FY28 dividend of 41.20 cents and EPS of 54.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

19/10/2026

5

Sell

-

-

Jarden maintains a Sell rating for Bank of Queensland with its target price decreased to $5.40 from $5.50 following a 2H26 result featuring cash NPAT of £149m down -15% half-on-half.

Underlying performance revealed a structurally weak deposit franchise alongside rising risk appetite driven by a heavy pivot into commercial lending, particularly commercial real estate within New South Wales.

Jarden reduces cash earnings estimates for FY27 and FY28 by -4% and -11% respectively, reflecting expectations for higher bad debts and operating expenses partially offset by better net interest margins.

The analyst highlights ongoing challenges in elevating return on equity towards cost of capital levels, citing concerns over provision sufficiency against expanding commercial exposures in a shaky private credit environment.

FORECAST
Jarden forecasts a full year FY27 dividend of 40.00 cents and EPS of 41.90 cents.
Jarden forecasts a full year FY28 dividend of 45.00 cents and EPS of 41.30 cents.
Access Extra Coverage Research History >

BOQ STOCK CHART

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