Bank Hapoalim (OTCMKTS:BKHYY) Hits New 52-Week High – Still a Buy?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) hit a new 52-week high on Wednesday . The company traded as high as $109.9450 and last traded at $109.9450, with a volume of 564 shares trading hands. The stock had previously closed at $102.3725.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bank Hapoalim to a “hold” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Bank Hapoalim Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 12.41 and a beta of 1.15. The stock has a 50 day moving average price of $98.33 and a two-hundred day moving average price of $91.76.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its earnings results on Wednesday, August 13th. The bank reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.32. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $5.97 billion. Bank Hapoalim had a return on equity of 14.21% and a net margin of 20.12%.

Bank Hapoalim Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were issued a dividend of $1.0505 per share. The ex-dividend date was Monday, August 25th. This is a boost from Bank Hapoalim’s previous dividend of $0.54. This represents a yield of 238.0%. Bank Hapoalim’s dividend payout ratio is currently 47.88%.

About Bank Hapoalim

Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. It operates through Household, Private Banking, Small businesses and micro businesses, Mid-sized businesses, Large businesses, Institutional entities, and Financial management segments.