Bank Hapoalim (OTCMKTS:BKHYY) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of Bank Hapoalim (OTCMKTS:BKHYY) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks reports.

Bank Hapoalim Stock Down 0.2%

Shares of Bank Hapoalim stock opened at $133.49 on Wednesday. Bank Hapoalim has a 1 year low of $89.91 and a 1 year high of $146.00. The company has a market cap of $34.86 billion, a P/E ratio of 11.79 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $126.31 and a 200 day moving average price of $125.64.

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

Bank Hapoalim Company Profile

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.