Bank Hapoalim (OTCMKTS:BKHYY) Upgraded at Jefferies Financial Group

Bank Hapoalim (OTCMKTS:BKHYY) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

Bank Hapoalim Price Performance

Bank Hapoalim stock opened at $133.49 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 0.96. Bank Hapoalim has a 52 week low of $89.91 and a 52 week high of $146.00. The stock has a market capitalization of $34.86 billion, a P/E ratio of 11.79 and a beta of 1.20. The stock has a fifty day moving average of $126.31 and a 200-day moving average of $125.64.

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

About Bank Hapoalim

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.