Bank Hapoalim (OTCMKTS:BKHYY) Announces Earnings Results

Bank Hapoalim (OTCMKTS:BKHYY) issued its quarterly earnings results on Tuesday. The bank reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.20, Zacks reports. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.11 billion. Bank Hapoalim had a return on equity of 14.65% and a net margin of 22.88%.

Bank Hapoalim Stock Performance

BKHYY stock remained flat at $130.48 during mid-day trading on Thursday. The company’s stock had a trading volume of 4,400 shares, compared to its average volume of 10,367. Bank Hapoalim has a 1-year low of $89.15 and a 1-year high of $146.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $118.62 and its 200 day moving average price is $125.27. The company has a market capitalization of $34.13 billion, a P/E ratio of 11.53 and a beta of 1.21.

Bank Hapoalim Company Profile

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.