Bank Hapoalim (OTCMKTS:BKHYY) Releases Quarterly Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) released its quarterly earnings data on Wednesday. The bank reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.51), Zacks reports. The company had revenue of $1.76 billion for the quarter. Bank Hapoalim had a return on equity of 14.60% and a net margin of 21.60%.

Bank Hapoalim Stock Performance

Shares of OTCMKTS:BKHYY traded up $1.46 during midday trading on Friday, hitting $131.58. The company’s stock had a trading volume of 774 shares, compared to its average volume of 11,947. Bank Hapoalim has a fifty-two week low of $64.20 and a fifty-two week high of $143.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $34.56 billion, a price-to-earnings ratio of 13.30 and a beta of 1.19. The stock’s 50 day simple moving average is $125.42 and its 200 day simple moving average is $110.48.

Analyst Upgrades and Downgrades

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