Bank Hapoalim (OTCMKTS:BKHYY) Reaches New 52-Week High – Time to Buy?

Bank Hapoalim (OTCMKTS:BKHYY) reached a new 52-week high during trading on Thursday . The company traded as high as $107.58 and last traded at $107.58, with a volume of 867 shares trading hands. The stock had previously closed at $101.9720.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Bank Hapoalim to a “hold” rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Bank Hapoalim Trading Up 3.9%

The business has a 50 day simple moving average of $97.84 and a 200 day simple moving average of $90.72. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 12.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.91.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its earnings results on Wednesday, August 13th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.32. Bank Hapoalim had a return on equity of 14.21% and a net margin of 20.12%.The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $5.97 billion.

Bank Hapoalim Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a $1.0505 dividend. The ex-dividend date of this dividend was Monday, August 25th. This is a positive change from Bank Hapoalim’s previous dividend of $0.54. This represents a dividend yield of 238.0%. Bank Hapoalim’s payout ratio is currently 47.88%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. It operates through Household, Private Banking, Small businesses and micro businesses, Mid-sized businesses, Large businesses, Institutional entities, and Financial management segments.