Bank Hapoalim (OTCMKTS:BKHYY) Cut to “Hold” at Barclays

Barclays lowered shares of Bank Hapoalim (OTCMKTS:BKHYY) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Bank Hapoalim Stock Performance

OTCMKTS BKHYY opened at $126.39 on Thursday. The firm has a market capitalization of $33.20 billion, a P/E ratio of 12.78 and a beta of 1.16. The stock has a 50-day simple moving average of $113.76 and a two-hundred day simple moving average of $102.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93. Bank Hapoalim has a fifty-two week low of $64.20 and a fifty-two week high of $129.85.

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

Bank Hapoalim Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.9362 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 266.0%. Bank Hapoalim’s dividend payout ratio is 38.62%.

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.