Bank Hapoalim (OTCMKTS:BKHYY) Issues Quarterly Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) announced its earnings results on Thursday. The bank reported $2.59 EPS for the quarter, Zacks reports. Bank Hapoalim had a return on equity of 15.20% and a net margin of 22.63%.

Bank Hapoalim Trading Down 3.9%

BKHYY traded down $5.32 during trading on Thursday, hitting $132.63. The company’s stock had a trading volume of 4,042 shares, compared to its average volume of 5,748. Bank Hapoalim has a twelve month low of $77.40 and a twelve month high of $146.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $128.67 and its 200-day moving average price is $121.45. The firm has a market capitalization of $34.75 billion, a P/E ratio of 12.36 and a beta of 1.21.

Wall Street Analyst Weigh In

Separately, Barclays cut Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.