Citi analysts have trimmed their price target on the Bank of Queensland (ASX:BOQ) to A$5.00 per share, a reduction from the previous A$5.75 per share target.

The brokerage had also revised its stock rating for the bank from ‘neutral’ to ‘sell’.

They suggest a wide discrepancy between the expectations of the bank’s management and consensus estimates.

A short-term earnings shortfall is anticipated for the mid-cap Australian bank, according to Citi projections.

The bank is expected to fall short of core earnings by 7% and cash earnings by 9% compared to consensus estimates.

Furthermore, Citi has reduced its earnings estimates for the bank by 4% and 9% respectively for fiscal 2024 and fiscal 2025.

The year has seen the bank’s stock fall by 17.3% as of last close.

• The Bank of Queensland (ASX:BOQ) is a leading Australian bank offering financial and insurance services to its customers.