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The Bank of Queensland Limited share price is stuck in second gear

Credit: BOQ

Bank of Queensland Limited (ASX: BOQ) opened down 0.48% today at $12.46 only slightly off its 2018 calendar year high of $12.77 on January 5.

BOQ is a retail-banking, finance and insurance entity with a strong franchiser system and 109 owner-managed branches across Australia.

BOQ has been focused on growing its loans sector in recent times with announcements about sharp discounts offered on its interest-only investment loan products expected to generate interest in the short term, as peer Suncorp Group Ltd (ASX: SUN) took a similar tack.

BOQ raised $350 million from its Capital Notes offer in late 2017 after strong investor demand for the offer saw it increase from $325 million which saw share prices take a slight rally before sliding down to a January low of $12.28.

BOQ will not release any results this reporting season, with shareholders holding out for half-year results and interim dividend announcements in early April and dividend payments in May.

Shareholders kept happy by solid franked dividends will likely hold for the moment.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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