Vakif Yatirim raises target for Halkbank stock to TRY 52.30

Halkbank grew first-half net profit 40.10 percent to TRY 17.70 billion. For Halkbank stock, capital adequacy stood at 13.20 percent in June.

Vakif Yatirim raised its target for Halkbank stock from TRY 43.70 to TRY 52.30 on September 12, 2026, while keeping its Hold rating, according to Para Ajansi. The target change puts the planned secondary offering and renewed international funding access at the center of the bank's valuation story.

Target rises with capital plans

Halkbank plans a secondary offering equal to 25.00 percent of its capital, according to the same September 12 report. The transaction is expected to improve the capital adequacy ratio by 250 to 300 basis points, although the source presents that outcome as an expectation rather than a completed result.

The capital backdrop is already measurable. Halkbank's capital adequacy ratio stood at 13.20 percent in June 2026 after a temporary regulatory adjustment contributed to a decline of 150 basis points at the start of the year, according to Para Ajansi. The planned capital increase is therefore tied to balance-sheet capacity, not only to a higher analyst target.

Profit growth supports the case

Halkbank reported net profit of TRY 17.70 billion in the first half of 2026, up 40.10 percent from the same period of 2025. Cumulative return on equity was 15.80 percent, while the net interest margin reached 3.40 percent, figures reported by Para Ajansi.

The earnings mix also points to operating momentum. In the first half of 2026, interest income increased 21.00 percent year over year to TRY 527.59 billion, while net fee and commission income rose 31.00 percent to TRY 36.11 billion, according to the report.

Market value and next results date

As of September 30, 2026, Halkbank had a market capitalization of TRY 324.3 billion and a 52-week trading range of TRY 24.46 to TRY 54.35. The next earnings report is scheduled for November 9, 2026, according to Investing.com.

Halkbank key facts

• Company: Türkiye Halk Bankas? A.?.
• Ticker: HALKB
• Primary exchange: Borsa Istanbul
• Market capitalization: TRY 324.3 billion (as of September 30, 2026)
• 52-week range: TRY 24.46-54.35 (as of September 30, 2026)
• Sector / Industry: Financials / Banking Services
• Next earnings date: November 9, 2026