Bank Hapoalim (OTCMKTS:BKHYY) Announces Quarterly Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) released its earnings results on Thursday. The bank reported $2.59 EPS for the quarter, Zacks reports. Bank Hapoalim had a net margin of 22.63% and a return on equity of 15.20%.

Bank Hapoalim Trading Down 3.9%

Shares of OTCMKTS:BKHYY traded down $5.32 during midday trading on Thursday, hitting $132.63. 4,042 shares of the stock were exchanged, compared to its average volume of 5,748. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 12.36 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day moving average price is $128.67 and its 200 day moving average price is $121.45. Bank Hapoalim has a 12 month low of $77.40 and a 12 month high of $146.00.

Analysts Set New Price Targets

Separately, Barclays lowered shares of Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.