Bank Hapoalim (OTCMKTS:BKHYY) Shares Down 5.8% – What’s Next?

Bank Hapoalim (OTCMKTS:BKHYY)’s share price was down 5.8% during mid-day trading on Wednesday . The stock traded as low as $117.69 and last traded at $117.69. Approximately 1,056 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 3,735 shares. The stock had previously closed at $124.91.

Analyst Ratings Changes

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

Bank Hapoalim Stock Up 0.4%

The firm has a 50-day moving average of $117.29 and a 200 day moving average of $104.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 12.54 and a beta of 1.16.

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

Bank Hapoalim Cuts Dividend

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

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.