Bank Hapoalim (OTCMKTS:BKHYY) Hits New 12-Month High – Still a Buy?

Bank Hapoalim (OTCMKTS:BKHYY)’s share price reached a new 52-week high on Thursday . The company traded as high as $143.34 and last traded at $141.3720, with a volume of 1085 shares trading hands. The stock had previously closed at $136.7450.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Bank Hapoalim presently has a consensus rating of “Hold”.

Bank Hapoalim Stock Up 0.9%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $37.76 billion, a P/E ratio of 13.43 and a beta of 1.21. The firm’s fifty day moving average is $127.55 and its 200 day moving average is $120.05.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Wednesday, March 4th. The bank reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.51). The business had revenue of $1.76 billion during the quarter. Bank Hapoalim had a net margin of 22.63% and a return on equity of 15.20%.

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.