Bank Hapoalim (OTCMKTS:BKHYY) Sees Unusually-High Trading Volume – Time to Buy?

Bank Hapoalim (OTCMKTS:BKHYY) shares saw an uptick in trading volume on Monday . Approximately 36,934 shares changed hands during trading, an increase of 153% from the previous session’s volume of 14,577 shares.The stock last traded at $132.75 and had previously closed at $132.12.

Bank Hapoalim Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day simple moving average of $124.97 and a two-hundred day simple moving average of $125.47. The firm has a market capitalization of $34.55 billion, a P/E ratio of 11.68 and a beta of 1.20.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.20. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Bank Hapoalim had a return on equity of 14.65% and a net margin of 22.88%.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking institutions, serving individual, business, corporate and institutional customers. The bank provides a broad range of financial services, including deposit accounts, consumer and commercial lending, mortgages, payment cards, foreign-currency services and digital banking.

Its business also includes corporate and investment banking, capital-markets services, asset management, private banking and wealth-management solutions. Bank Hapoalim serves customers through a network of branches and digital channels in Israel, while its international activities are conducted through subsidiaries and representative operations serving selected global markets.

Established in 1921, the bank has played a longstanding role in Israel’s financial system.