Bank Hapoalim (OTCMKTS:BKHYY) Announces Quarterly Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) released its earnings results on Thursday. The bank reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.51), Zacks reports. The business had revenue of $1.76 billion during the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%.

Bank Hapoalim Price Performance

Shares of OTCMKTS BKHYY traded up $1.46 on Friday, hitting $131.58. The company’s stock had a trading volume of 856 shares, compared to its average volume of 11,947. The stock has a 50 day moving average of $125.42 and a 200-day moving average of $110.48. The company has a market capitalization of $34.56 billion, a price-to-earnings ratio of 13.30 and a beta of 1.19. Bank Hapoalim has a 12-month low of $64.20 and a 12-month high of $143.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93.

Analyst Ratings Changes

Separately, Barclays downgraded 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, Based on data from MarketBeat.com, the stock 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.