Bank Hapoalim (OTCMKTS:BKHYY) Reaches New 1-Year High – Still a Buy?

Bank Hapoalim (OTCMKTS:BKHYY)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $112.00 and last traded at $112.00, with a volume of 352 shares changing hands. The stock had previously closed at $105.2970.

Analyst Ratings Changes

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

Bank Hapoalim Stock Up 2.6%

The firm’s 50 day simple moving average is $100.67 and its 200-day simple moving average is $94.19. 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 stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 12.30 and a beta of 1.15.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings data on Thursday, November 20th. The bank reported $2.68 earnings per share for the quarter. Bank Hapoalim had a return on equity of 14.21% and a net margin of 20.12%.The company had revenue of $1.99 billion during the quarter.

Bank Hapoalim Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd will be issued a $0.9362 dividend. This represents a dividend yield of 266.0%. The ex-dividend date of this dividend is Monday, December 1st. Bank Hapoalim’s dividend payout ratio is presently 37.82%.

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.