Bank of Queensland Ltd (ASX: BOQ) shares have materially outperformed most every S&P/ASX 200 Index (ASX: XJO) bank stock over the past full year.
On Monday, Bank of Queensland stock closed down 0.26%, trading for $7.70 apiece.
That sees the stock up 32% over 12 months. And this doesn't include the 35 cents a share in fully franked dividends the bank paid eligible shareholders over this time. At yesterday's closing price, Bank of Queensland shares are trading on a fully franked trailing dividend yield of 4.6%.
The only ASX 200 bank stock to have beaten these stellar 12-month returns is Commonwealth Bank of Australia (ASX: CBA).
Closing at $173.88 a share on Monday, CBA shares are up 46% in a year. And Australia's biggest bank trades on a fully franked trailing dividend yield of 2.7%.
Of course, all those gains are in the rearview now.
Looking ahead, can Bank of Queensland keep charging ahead of most of its rivals?
For some greater insight into that million-dollar question, we defer to Ord Minnett's Tony Paterno (courtesy of The Bull).
Should I buy Bank of Queensland shares today?
"The bank's first half result in fiscal year 2025 was 3% ahead of consensus," Paterno said. "Statutory net profit after tax of $171 million was up 13% on the prior corresponding period."
But Paterno, who has a sell recommendation on Bank of Queensland shares, believes the ASX 200 bank is facing a more difficult stretch ahead.
"Investor focus remains on BOQ restructuring to a simpler specialist bank. Transformation to date is meeting targets, but we believe the execution risk remains high," he said.
Paterno concluded, "Delivering the revenue needed to achieve a return on equity of 8% appears optimistic, in our view."
What's the latest from the ASX 200 bank stock?
Bank of Queensland shares closed up 5.5% on 16 April, the day the company reported its half-year results.
Atop the big boost in NPAT that Paterno mentioned above, the bank's cash earnings after tax of $183 million were up 6% year on year, while its net interest margin (NIM) remained stable year on year at 1.57%.
And pleasing passive income investors, management boosted the fully franked interim dividend by 5.9%.
"We are making considerable progress transforming to a simpler, specialist bank with a superior customer experience through our digital platform and improved shareholder returns," CEO Patrick Allaway said of the results lifting Bank of Queensland shares on the day.
