Bank Hapoalim (OTCMKTS:BKHYY) Stock Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Bank Hapoalim shares surpassed their 50-day moving average, trading at $100.21 after reaching a high of $101.00 during the session.
• Zacks Research upgraded the stock to a "hold" rating, joining the consensus of analysts who maintain an average rating of "Hold."
• The bank recently announced a dividend increase to $1.0505, marking a substantial yield of 238.0%, up from the previous dividend of $0.54.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $95.57 and traded as high as $101.00. Bank Hapoalim shares last traded at $100.21, with a volume of 9,245 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of 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, the stock has an average rating of "Hold".

Bank Hapoalim Trading Up 2.7%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43. The stock has a market cap of $26.38 billion, a P/E ratio of 11.51 and a beta of 1.11. The firm's 50-day simple moving average is $95.57 and its 200 day simple moving average is $85.99.

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

Bank Hapoalim Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.