Bank Hapoalim (OTCMKTS:BKHYY) Hits New 52-Week High – What’s Next?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $130.84 and last traded at $130.84, with a volume of 358 shares traded. The stock had previously closed at $122.4050.

Wall Street Analyst Weigh In

Separately, Barclays lowered Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Bank Hapoalim currently has a consensus rating of “Hold”.

Bank Hapoalim Stock Performance

The business’s 50-day moving average is $116.91 and its 200-day moving average is $104.27. The company has a market capitalization of $32.48 billion, a PE ratio of 12.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings results on Thursday, November 20th. The bank reported $2.68 earnings per share (EPS) for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%. The company had revenue of $1.99 billion for the quarter.

Bank Hapoalim Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.9362 per share. The ex-dividend date was Monday, December 1st. This represents a yield of 266.0%. Bank Hapoalim’s dividend payout ratio is currently 38.62%.

Bank Hapoalim Company Profile

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.