Bank Hapoalim (OTCMKTS:BKHYY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Bank Hapoalim experienced a significant increase in trading volume with approximately 36,365 shares traded, marking a 93% rise from the previous session.
• The bank reported a net margin of 19.73% and a return on equity of 14.07% in its latest quarterly earnings, with earnings per share at $2.53.
• Bank Hapoalim declared a dividend of $0.5386 per share, which is an increase from the previous dividend of $0.27, resulting in a notable dividend yield of 207.0%.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 36,365 shares were traded during trading, an increase of 93% from the previous session's volume of 18,838 shares.The stock last traded at $94.43 and had previously closed at $94.69.

Bank Hapoalim Stock Down 0.1%

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The company has a market cap of $24.89 billion, a PE ratio of 11.44 and a beta of 1.13. The company's fifty day moving average is $90.01 and its 200-day moving average is $76.76.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last posted its quarterly earnings results on Sunday, May 18th. The bank reported $2.53 earnings per share for the quarter. The business had revenue of $1.57 billion for the quarter. Bank Hapoalim had a net margin of 19.73% and a return on equity of 14.07%.

Bank Hapoalim Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5386 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 207.0%. This is an increase from Bank Hapoalim's previous dividend of $0.27. Bank Hapoalim's dividend payout ratio is 27.09%.

About Bank Hapoalim

Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. It operates through Household, Private Banking, Small businesses and micro businesses, Mid-sized businesses, Large businesses, Institutional entities, and Financial management segments.

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