Bank Hapoalim (OTCMKTS:BKHYY) Sets New 52-Week High - Here's Why

Key Points

• Bank Hapoalim's stock has reached a new 52-week high of $102.65, indicating strong market performance and investor interest.
• The bank reported an EPS of $2.68 for Q2, exceeding estimates by $0.32, alongside a revenue of $1.80 billion.
• Bank Hapoalim raised its dividend to $1.0505 per share, a significant increase from the previous dividend of $0.54, reflecting a payout ratio of 47.88%.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $102.65 and last traded at $102.65, with a volume of 258 shares changing hands. The stock had previously closed at $98.35.

Wall Street Analysts Forecast Growth

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

Bank Hapoalim Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The stock's 50 day moving average price is $94.99 and its two-hundred day moving average price is $84.86. The firm has a market capitalization of $26.56 billion, a price-to-earnings ratio of 11.57 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 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.32. Bank Hapoalim had a return on equity of 14.21% and a net margin of 20.12%.The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $5.97 billion.

Bank Hapoalim Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were given a dividend of $1.0505 per share. The ex-dividend date of this dividend was Monday, August 25th. This is a boost from Bank Hapoalim's previous dividend of $0.54. This represents a yield of 238.0%. Bank Hapoalim's payout ratio is 47.88%.

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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