Judo Bank, Bank of Queensland, ANZ shares: Buy, hold, or sell?

ASX bank shares have mostly rebounded over the past month as new unemployment figures cool interest rate hike fears.

Here, I've taken a look at how Judo Capital Holdings Ltd (ASX: JDO), Bank of Queensland Ltd (ASX: BOQ) and ANZ Group Holdings Ltd (ASX: ANZ) are tracking today, and find out which of these three ASX bank shares is tipped to climb the highest over the next 12 months.

Brokers rate Judo shares as a BUY

Judo shares are down around 0.5% in Tuesday afternoon trade to 89 cents apiece. It's been a tough year for the ASX bank stock. Its shares are now down roughly 50% for the year to date. Judo has also been one of the worst-performing banks over the past month, with its shares down around 5%.

The shares were tracking well through the first half of the calendar year, but crashed by around 43% to a multi-year low in late June after the company downgraded its FY26 profit guidance. Thankfully, the final result in August came in at the top end of guidance, keeping the share price buoyant through the reporting season. 

Judo's shares haven't made much more ground since that June crash. They're only around 2% higher than that three-year low at the time of writing. 

The bank's niche exposure to small and medium-sized enterprises (SMEs) means it hasn't benefited from the same reprieve from inflation-related stress as other lender-facing banks.

But the experts still see strong upside potential ahead. TradingView data shows the majority of brokers have a strong buy rating on Judo shares. The $1.48 average target price implies an upside of around 66% at the time of writing. 

Brokers rate ANZ shares as a HOLD

ANZ shares are up around 1% at the time of writing on Tuesday, at $40.18 a piece. The shares have rallied around 9% higher over the past two weeks, rebounding from an annual low in early June. They're now up around 10% for the year-to-date.

The shares have climbed higher off the back of a solid third-quarter FY26 result in mid-August, progress of its Suncorp Bank Ltd (ASX: SUN) integration plans, and a general investor rotation away from other ASX bank shares.

High inflation, high interest rates, and a declining property market have put some pressure on some of the other big four banks, which are more retail-mortgage-focused.

But ANZ's skew towards business banking exposure means it is structurally less sensitive to domestic property market headwinds, including higher inflation and interest rate increases. This has helped keep its share price higher over the past four months, even as others came under pressure.

The experts are reserved about the outlook for ANZ shares over the next 12 months. TradingView data shows the majority of brokers have a hold rating on the bank's shares. But after this month's rebound, the $36.05 average target price implies a downside of around 10%, at the time of writing. 

Brokers rate Bank of Queensland shares as a SELL

Bank of Queensland shares are down around 2.5% at the time of writing, at $6.87 each. The shares are still around 6% higher than two weeks ago, but down 3% from this time last year.

The shares most recently jumped higher following the bank's FY26 results in mid-October. Highlights included an 88% increase in statutory NPAT, a 1.7% net interest margin (up 6 basis points in FY25), and a fully-franked final dividend of 20 cents per share.

However, the bank also reported a 7% decrease in cash earnings after tax (excluding notable items) over the period.

Looking ahead, Bank of Queensland aims to return to growth in home lending in FY27. This is expected to be assisted by expanding its digital mortgage offering. It expects its commercial lending to grow at a pace similar to FY26.

It looks like investors were happy with the latest update, but even after today's decline, the shares are still considered to be trading above fair value. TradingView data shows the majority of analysts have a sell/strong sell rating on the shares. The $6.14 average target price implies a downside of around 11% at the time of writing.

The post Judo Bank, Bank of Queensland, ANZ shares: Buy, hold, or sell? appeared first on The Motley Fool Australia.

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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