Bank Hapoalim (OTCMKTS:BKHYY) Rating Lowered to Hold at Barclays

Bank Hapoalim (OTCMKTS:BKHYY) was downgraded by equities research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Bank Hapoalim Stock Performance

OTCMKTS:BKHYY opened at $126.39 on Thursday. The company has a market cap of $33.20 billion, a price-to-earnings ratio of 12.78 and a beta of 1.16. Bank Hapoalim has a 1 year low of $64.20 and a 1 year high of $129.85. The stock’s 50 day simple moving average is $113.76 and its two-hundred day simple moving average is $102.49. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its earnings results on Thursday, November 20th. The bank reported $2.68 earnings per share for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%. The firm had revenue of $1.99 billion during the quarter.

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.