Bank Hapoalim (OTCMKTS:BKHYY) Announces Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) announced its quarterly earnings data on Thursday. The bank reported $2.59 earnings per share (EPS) for the quarter, Zacks reports. Bank Hapoalim had a net margin of 22.63% and a return on equity of 15.20%. The firm had revenue of $1.76 billion for the quarter.

Bank Hapoalim Stock Down 3.7%

BKHYY traded down $4.85 during trading on Friday, hitting $127.78. The company had a trading volume of 3,562 shares, compared to its average volume of 8,588. The company has a market capitalization of $33.48 billion, a PE ratio of 11.91 and a beta of 1.21. Bank Hapoalim has a one year low of $77.40 and a one year high of $146.00. The firm’s 50-day moving average price is $128.67 and its 200 day moving average price is $121.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.56.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of 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, According to data from MarketBeat, Bank Hapoalim 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.