Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Up – Here’s Why

Bank Hapoalim (OTCMKTS:BKHYY) gapped up prior to trading on Friday . The stock had previously closed at $123.49, but opened at $128.94. Bank Hapoalim shares last traded at $119.21, with a volume of 1,538 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Bank Hapoalim Stock Performance

The stock has a market capitalization of $32.53 billion, a PE ratio of 12.51 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $116.91 and a 200-day moving average of $104.27.

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

Bank Hapoalim Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were paid a $0.9362 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 266.0%. Bank Hapoalim’s payout ratio is 38.62%.

Bank Hapoalim Company Profile

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.