Bank Hapoalim (OTCMKTS:BKHYY) Sees Large Volume Increase - What's Next?

Key Points

• Bank Hapoalim experienced a significant trading volume increase of 291%, with about 65,976 shares traded on Monday, reflecting strong market interest.
• Analysts maintain a consensus "Hold" rating for Bank Hapoalim, following a recent earnings report where the bank beat expectations with $2.68 EPS against the anticipated $2.36.
• The company announced a noteworthy dividend increase to $1.0505 per share, resulting in a high dividend yield of 238.0%, indicating strong returns for shareholders.

Shares of Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) saw an uptick in trading volume on Monday . 65,976 shares changed hands during mid-day trading, an increase of 291% from the previous session's volume of 16,863 shares.The stock last traded at $96.18 and had previously closed at $96.20.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bank Hapoalim to a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Bank Hapoalim Trading Up 5.9%

The business has a fifty day simple moving average of $95.19 and a 200-day simple moving average of $83.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $25.95 billion, a price-to-earnings ratio of 11.31 and a beta of 1.15.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.32. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $5.97 billion. Bank Hapoalim had a return on equity of 14.21% and a net margin of 20.12%.

Bank Hapoalim Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were issued a $1.0505 dividend. The ex-dividend date was Monday, August 25th. This is a positive change from Bank Hapoalim's previous dividend of $0.54. This represents a yield of 238.0%. Bank Hapoalim's dividend payout ratio (DPR) is currently 47.99%.

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.