Bank Hapoalim (OTCMKTS:BKHYY) Shares Down 5% – What’s Next?

Bank Hapoalim (OTCMKTS:BKHYY) fell 5% during trading on Friday. The company traded as low as $122.39 and last traded at $122.39. Approximately 1,539 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 14,598 shares. The stock had previously closed at $128.89.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Bank Hapoalim Price Performance

The stock’s fifty day moving average price is $127.69 and its 200-day moving average price is $125.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 11.34 and a beta of 1.20.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings data on Tuesday, August 11th. The bank reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.20. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.65%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $6.13 billion.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking institutions, serving individual, business, corporate and institutional customers. The bank provides a broad range of financial services, including deposit accounts, consumer and commercial lending, mortgages, payment cards, foreign-currency services and digital banking.

Its business also includes corporate and investment banking, capital-markets services, asset management, private banking and wealth-management solutions. Bank Hapoalim serves customers through a network of branches and digital channels in Israel, while its international activities are conducted through subsidiaries and representative operations serving selected global markets.

Established in 1921, the bank has played a longstanding role in Israel’s financial system.