Bank of Queensland's 1H results are due on April 17 and Morgans believes both cash earnings and the interim dividend will fall materially.

The broker forecasts a -19% sequential decline in cash earnings to $158m, which is -3% below the consensus expectation. The dividend is expected to decline by -29% to 15cps (62% payout ratio), which is -14% shy of consensus.

The analyst's target rises to $5.05 from $5.02 on minimal changes to forecasts. Reduce.

Sector: Banks.

Target price is $5.05.Current Price is $5.92. Difference: ($0.87) - (brackets indicate current price is over target). If BOQ meets the Morgans target it will return approximately -17% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2024 Acquisdata Pty Ltd., source FN Arena