Bank Hapoalim (OTCMKTS:BKHYY) Lowered to Hold Rating by Barclays

Barclays cut shares of Bank Hapoalim (OTCMKTS:BKHYY) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

Bank Hapoalim Price Performance

Shares of BKHYY opened at $126.19 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50 day moving average price of $113.28 and a 200-day moving average price of $102.28. Bank Hapoalim has a fifty-two week low of $64.20 and a fifty-two week high of $129.85. The stock has a market capitalization of $33.15 billion, a PE ratio of 12.76 and a beta of 1.16.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings data on Thursday, November 20th. The bank reported $2.68 earnings per share (EPS) for the quarter. The company had revenue of $1.99 billion for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%.

Bank Hapoalim Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were given a dividend of $0.9362 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 266.0%. Bank Hapoalim’s dividend payout ratio (DPR) is presently 38.62%.

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.