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8 stories mentioning ASX:BOQ

Every FINWIRES story that references ASX:BOQ, newest first.

Asia

Vicinity Centres Appoints Patrick Allaway as Chairman-Elect as Trevor Gerber Announces Retirement

Vicinity Centres (ASX:VCX) said independent non-executive chairman Trevor Gerber intends to retire from the board at the 2026 annual general meeting on Oct. 28, with Patrick Allaway appointed as a non-executive director and chairman-elect effective June 15, according to a Monday Australian bourse filing.The company said Allaway will succeed Gerber as chairman at the conclusion of the meeting, subject to his election as a director by security holders.Allaway is currently a member of the Adobe International Advisory Board, having previously served as chairman of Bank of Queensland (ASX:BOQ) and as a non-executive director of Allianz Australia, Dexus Funds Management, Macquarie Goodman Industrial Trust, and Metcash (ASX:MTS), among others, it added.

ASX:BOQASX:MTSASX:VCX
Asia

Macquarie Group Continues to Outperform Banking Majors with Superior, Fully Digitized Platform, Jarden Says

Macquarie Group (ASX:MQG) continues to outperform banking majors with a simple and fully digitized platform, according to Jarden in a Thursday note.At this pace, Macquarie may surpass around 10% market share on both sides of the balance sheet in the near term. Commonwealth Bank of Australia's (ASX:CBA) net interest margin edge, free deposits look tenuous with IT and competition from Macquarie, ANZ Group Holdings (ASX:ANZ, NZE: ANZ), National Australia Bank (ASX:NAB), and potentially, stablecoins. Strong volumes are offset by competition.Jarden considered the fiscal year 2026 Australian budget as changing incentives, increasing complexity, and exacerbating the skew to financialization over increasing physical industrial capacity.High valuations reflect market index concentration and disappointment in other sectors, but expose major banks to abrupt and extreme mean reversion if the status quo changes.The investment firm assigned ANZ Group an overweight rating and price target of AU$35.50 per share. It also has sell ratings on Commonwealth Bank, National Australia Bank, and Westpac Banking (ASX:WBC, NZE:WBC) with price targets of AU$90 per share, AU$29 per share, and AU$31 per share, respectively.It also assigned Macquarie a buy rating with a price target of AU$250 per share, Bendigo and Adelaide Bank (ASX:BEN) a neutral rating with a AU$11 per share price target, Bank of Queensland (ASX:BOQ) a sell rating with a price target of AU$5.50 per share, and Judo Capital Holdings (ASX:JDO) a buy rating with a price target of AU$2.50 per share.

ASX:ANZASX:BENASX:BOQASX:CBAASX:JDOASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Jarden Adjusts Bank of Queensland's Price Target to AU$5.50 from AU$6, Keeps at Sell

Bank of Queensland (ASX:BOQ) has an average rating of underweight and mean price target of AU$6.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:BOQ
Asia

Bank of Queensland Faces Extremely Challenged Near-Term Outlook, Says Jefferies

Bank of Queensland (ASX:BOQ) is reeling from an "extremely challenged" near-term outlook following weaker-than-expected fiscal 2026 first-half results, Jefferies said in a note on Wednesday.The investment firm lowered its fiscal 2026 and 2027 EPS estimates by 3% due to higher costs and increased provisions after the bank reported a 4% decline in half-yearly cash earningsJefferies said management might be overstating the impact of its new capital partnership with Challengers, adding that it expects it will be hard to lift returns to cost-of-capital levels. However, the deal should provide a positive tailwind to the company.The bank's loan book remains in run-off amid a sluggish housing market, which is not expected to return to growth until fiscal 2027.Jefferies reaffirmed its underperform rating, noting the stock is trading at around a 25% discount to book value, and cut its price target to AU$5.64 from AU$5.76.

ASX:BOQ
Asia

ASX Preview: Australian Shares to Fall as Oil Surges on Escalating Middle East Tensions; Bank of Queensland Posts Lower Fiscal H1 Cash Earnings, Higher Revenue

Australian shares are poised to fall on Wednesday as oil prices surged on renewed Middle East supply disruption fears, with Brent crude briefly topping $100 a barrel amid escalating Iran-related tensions.Sentiment was further clouded by reports that US President Donald Trump is seeking to extend a fragile ceasefire with Iran despite ongoing naval blockade concerns and mixed signals from Tehran over the prospects for a lasting peace deal.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average each fell 0.6%.In the macroeconomy, Westpac's leading index report is due at 11 am Sydney time.In corporate news, Bank of Queensland (ASX:BOQ) reported Wednesday fiscal first-half cash earnings of AU$0.253 per share on revenue of AU$835 million, compared with cash earnings of AU$0.264 on revenue of AU$802 million a year earlier.BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier.Paladin Energy (ASX:PDN) reported fiscal third-quarter triuranium octoxide production of about 1.3 million pounds from its Langer Heinrich Mine in Namibia, up 5% from the previous quarter.Australia's benchmark index fell 0.04% or 3.9 points to close at 8,949.40 on Tuesday.

ASX 200ASX:BHPASX:BOQASX:PDN
Asia

Bank of Queensland Posts Higher Total Capital, CET1 Capital for February Quarter

Bank of Queensland's (ASX:BOQ) total capital and Common Equity Tier 1 (CET1) capital both increased year over year in the February quarter, according to a Wednesday Australian bourse filing.The bank's total capital in the three months to February came in at AU$6.21 billion, up from AU$6.08 billion in the same period a year earlier. Its CET1 capital for the period clocked in at AU$4.51 billion, rising from AU$4.37 billion.The CET1 ratio for the February quarter was 11.18%, compared with a ratio of 10.87% in the prior-year period. The bank reported a liquidity coverage ratio of 140.51% for the quarter, compared with 141.84%.

ASX:BOQ
Asia

Bank of Queensland Posts Lower Fiscal H1 Cash Earnings, Higher Revenue

Bank of Queensland (ASX:BOQ) reported Wednesday fiscal first-half cash earnings of AU$0.253 per share, down from AU$0.264 a year earlier.Analysts polled by FactSet expected earnings of AU$0.26.Revenue from ordinary activities for the six months ended Feb. 28 was AU$835 million, compared with AU$802 million a year earlier.Analysts surveyed by FactSet expected AU$839 million.The company has maintained its common equity tier 1 management target range at 10.25% to 10.75%, along with an unchanged dividend payout ratio target of 60% to 75% of cash earnings, while also keeping its cost guidance steady and continuing to expect cost growth from 2025 to 2026 to remain below the rate of inflation.The board declared an interim dividend of AU$0.20 per share, up from AU$0.18 a year earlier, payable May 27 to shareholders on record as of May 5.

ASX:BOQ
Asia

Bank of Queensland Faces Shrinking Volumes, Strategy Uncertainty Ahead of H1 Results, Jefferies Says

Bank of Queensland (ASX:BOQ) is heading into its first-half results with a contracting loan book, modest earnings outlook and lingering questions over strategy, margins and capital following its housing pullback and Challenger partnership, Jefferies said in a Thursday note.Jefferies expects broadly stable half-year earnings, with net interest margin edging down to about 1.7%, cash earnings up 1% to AU$185 million, pre-provision profit rising 9% to AU$298 million, and a AU$0.20 interim dividend.The firm noted that loan growth remains weak, with expectations of a further 2% decline in the loan book in the first half, extending a 6% contraction since the first half of 2023, as the company continues shifting away from housing toward higher-return business lending.The firm said that focus will also be on the capital partnership with Challenger, including sale and forward flow of its equipment finance book, expecting a AU$31 million hit to statutory earnings and seeking clarity on earnings benefits, transaction volumes, and potential cost savings.The firm added that margins and funding remain in focus, with deposit costs still weighing despite softer lending, and flagged deposit growth, pricing, and replicating portfolio benefits as key, while expecting a modest rise in bad debt charges.Jefferies kept an underperform rating on Bank of Queensland with a price target of AU$5.76.

ASX:BOQ