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) shares 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 Performance

The company has a market capitalization of $23.88 billion, a PE ratio of 10.97 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $90.81 and a 200 day simple moving average of $77.41.

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

Bank Hapoalim Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5386 per share. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Bank Hapoalim's previous dividend of $0.27. This represents a yield of 207.0%. Bank Hapoalim's dividend payout ratio (DPR) is 26.96%.

Bank Hapoalim Company Profile

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.