Bank of Queensland (ASX:BOQ) shares hit a 52-week high today

The Bank of Queensland Limited (ASX: BOQ) share price touched a new 52-week high this morning. BOQ shares closed at $8.60 yesterday and opened at $8.59 this morning. Just after open, investors sent its shares up 1.2% to a new 52-week high of $8.78 a share.

The market got cold feet soon after though, and Bank of Queensland shares are down 0.47% for the day at a share price of $8.55 at the time of writing. Even so, the company’s share price is now up a healthy 10.18% year to date.

This is a significant move for the bank. Today’s rise means that the company was trading at a level higher than where it commanded this time last year, just before the coronavirus pandemic sent markets into a tailspin.

Bank of Queensland shares are now…