It's been solid past three weeks for the Bank of Queensland Limited (ASX: BOQ) share price, having climbed 9.3%.
It appears investors are unfazed by the current geopolitical turmoil between the West and Russia, as well the rising rate of inflation.
At market close on Friday, Bank of Queensland shares finished trading at $8.43, down 0.47%.
In contrast, the S&P/ASX 200 Index has lifted by 3.34% after falling to a 9-month low in late January.
While the regional bank hasn't released any market-sensitive announcements since the end of 2021, we take a look at how its shares compare to the other big banks.
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How does the Bank of Queensland share price stack up against the big banks?
Looking at the major banks' share price performance against Bank of Queensland shares, and there is a clear picture of who's winning the race.
Since 28 January, the Commonwealth Bank of Australia (ASX: CBA) share price has risen by 2.17%. This is based on the current price at market close on Friday of $97.75. Although CBA did break the $100 mark again on the back of their strong first-half results for FY22.
Moving onto the National Australia Bank Ltd. (ASX: NAB), the country's second largest bank saw its shares jump 10.6%. Investor confidence in the bank surged on the release of the company's positive first-quarter trading results.
Next up, the Westpac Banking Corp (ASX: WBC) share price accelerated an astonishing 14.06% over the last three weeks. The bank also released its first-quarter update earlier this month, with investors seemingly pleased with the results.
Lastly, the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price gained 2.48%, the same as CBA shares above. The fourth largest bank by market capitalisation failed to impress the market on 7 February, when it released its first-quarter report.
As you can see, Westpac shares come out as the clear winner over the past 3 weeks. NAB has taken second place followed by a close run at third place by Bank of Queensland shares.
Are Bank of Queensland shares a buy?
A number of brokers weighed in on the Bank of Queensland share price last month.
The team of analysts at Macquarie cut its 12-month price target on the regional bank's shares by 5% to $9.50. Based on the current price of $8.24, this implies an upside of around 13% for investors.
Following suit, Morgan Stanley also reduced its outlook on Bank of Queensland shares by 2.9% to $10, reflecting a potential upside of around 19%.
Lastly, the brokers from Citi raised their outlook on Bank of Queensland shares by 5% to $10.50. This indicates an attractive upside of roughly 25% from where it trades today.
Bank of Queensland commands a market capitalisation of about $5.42 billion, with approximately 642.63 million shares on its books.
