Bank Hapoalim (OTCMKTS:BKHYY) Sees Strong Trading Volume – Still a Buy?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) saw unusually-strong trading volume on Thursday . 242,251 shares changed hands during mid-day trading, an increase of 2,679% from the previous session’s volume of 8,717 shares.The stock last traded at $117.33 and had previously closed at $115.86.

Bank Hapoalim Price Performance

The stock has a market capitalization of $30.83 billion, a P/E ratio of 10.91 and a beta of 1.18. The business has a fifty day simple moving average of $129.32 and a 200-day simple moving average of $124.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.96.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings data on Thursday, May 14th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.05). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $5.97 billion. Bank Hapoalim had a return on equity of 14.38% and a net margin of 22.10%.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.