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

$6.69

13 Oct
2026

0.190

OPEN

$6.54

2.92%

HIGH

$6.70

2,694,565

LOW

$6.54

TARGET
$6.283 -6.1% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 20.2 47.7 xxx
DPS (cps) xxx 38.0 45.8 xxx
EPS Growth xxx - 53.4% 100.0% xxx
DPS Growth xxx 11.8% 20.5% xxx
PE Ratio xxx N/A 13.6 xxx
Dividend Yield xxx N/A 7.1% xxx
Div Pay Ratio(%) xxx 188.0% 96.1% xxx

Dividend yield today if purchased 3 years ago: 6.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.86

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: 13/08 - ex-div 15.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx20.2
DPS All xxxxxxxxxxxxxxx38.0
Sales/Revenue xxxxxxxxxxxxxxx5,194.0 M
Book Value Per Share xxxxxxxxxxxxxxx898.4
Net Operating Cash Flow xxxxxxxxxxxxxxx185.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.23 %
Return on Invested Capital xxxxxxxxxxxxxxx0.57 %
Return on Assets xxxxxxxxxxxxxxx0.13 %
Return on Equity xxxxxxxxxxxxxxx2.23 %
Return on Total Capital xxxxxxxxxxxxxxx2.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-59.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1,003 M
Long Term Debt xxxxxxxxxxxxxxx16,656 M
Total Debt xxxxxxxxxxxxxxx17,659 M
Goodwill - Gross xxxxxxxxxxxxxxx567 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,727 M
Price To Book Value xxxxxxxxxxxxxxx0.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx205.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.95 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx518 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17,989 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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

15/09/2026

5

Underperform

$5.50

-17.79%

Macquarie believes Australian banks’ underperformance against global peers since late 2024 does not represent a buying opportunity because valuations remain elevated.

The sector trades at around a 50% price-to-earnings premium despite return on equity (ROE) sitting roughly -20% below global peers, the analyst explains.

Lower mortgage returns, limited wealth-management and capital-markets exposure, higher taxes and conservative capital settings are expected to constrain profitability.

Franking credits explain only part of the premium, in Macquarie's view, with the sector trading around 35% above the valuation implied by global comparisons.

Commentary notes CommBank remains the clearest outlier, while ANZ Bank, National Australia Bank and Westpac trade around 12%, 18% and 27% above implied values, respectively.

Overall, Macquarie sees cost reduction as the main avenue for improving returns and expects valuations to compress without a sustained profitability recovery.

Unchanged $5.50 target and Underperform rating for Bank of Queensland.

FORECAST
Macquarie forecasts a full year FY26 dividend of 55.00 cents and EPS of 47.30 cents.
Macquarie forecasts a full year FY27 dividend of 40.00 cents and EPS of 53.80 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$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

12/08/2026

5

Sell

$5.50

-17.79%

Jarden maintains a Sell rating for Bank of Queensland with a $5.50 target price.

The analyst notes the bank's weak deposit franchise leaves it with limited strategic options, prompting the offloading of $3.7bn in equipment finance loans under a 12-month flow arrangement.

The suggestion is that this sale reiterates structural flaws in deposit-gathering capabilities while creating new vulnerabilities to wholesale funding and capital markets remaining buoyant.

Alongside the sale, the bank announced a $295m capital return and an additional -$47m pre-tax charge for notable operating expenses.

FORECAST
Jarden forecasts a full year FY26 dividend of 40.00 cents and EPS of 48.00 cents.
Jarden forecasts a full year FY27 dividend of 40.00 cents and EPS of 43.80 cents.
Access Extra Coverage Research History >

BOQ STOCK CHART

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