Bank Hapoalim (OTCMKTS:BKHYY) Short Interest Down 33.3% in September

Key Points

• Bank Hapoalim experienced a significant decline in short interest, dropping by 33.3% in September, with short interest totaling 8,400 shares as of September 30th.
• The bank's latest earnings report revealed an EPS of $2.68, exceeding estimates by $0.32, and a revenue of $1.80 billion for the quarter.
• Bank Hapoalim announced an increase in its dividend, with a newly declared payment of $1.0505 per share, resulting in a dividend yield of 238.0%.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 8,400 shares, a drop of 33.3% from the September 15th total of 12,600 shares. Based on an average daily volume of 67,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 67,600 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Bank Hapoalim to a "hold" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

Bank Hapoalim Stock Performance

OTCMKTS:BKHYY opened at $97.27 on Wednesday. The firm has a market cap of $25.61 billion, a PE ratio of 11.17 and a beta of 1.11. Bank Hapoalim has a fifty-two week low of $48.77 and a fifty-two week high of $103.35. 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 business has a 50 day moving average price of $96.52 and a 200-day moving average price of $88.08.

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

Bank Hapoalim Increases Dividend

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

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