Bank Hapoalim (OTCMKTS:BKHYY) Hits New 52-Week High - Still a Buy?

Key Points

• Shares hit a new 52-week high intraday at $143.34 and last traded around $141.37 on light volume (~1,085 shares), up from the prior close of $136.745.
• Barclays downgraded the stock from "strong-buy" to "hold," and the consensus rating (from two analysts) is currently Hold.
• The bank reported an EPS miss of $2.41 vs. $2.92 consensus (a $0.51 shortfall) on $1.76B revenue; valuation sits at a $37.19B market cap and a PE of 13.23, with 50- and 200-day moving averages of $127.35 and $119.72.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $143.34 and last traded at $141.3720, with a volume of 1085 shares trading hands. The stock had previously closed at $136.7450.

Analysts Set New Price Targets

Separately, Barclays cut shares of Bank Hapoalim from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Bank Hapoalim has an average rating of "Hold".

Bank Hapoalim Stock Performance

The company has a market cap of $37.19 billion, a PE ratio of 13.23 and a beta of 1.21. The firm's fifty day moving average is $127.35 and its 200 day moving average is $119.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.56.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The bank reported $2.41 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.51). The company had revenue of $1.76 billion during the quarter. Bank Hapoalim had a return on equity of 15.20% and a net margin of 22.63%.

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.

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