Bank Hapoalim (OTCMKTS:BKHYY) Trading Down 5.8% – Time to Sell?

Bank Hapoalim (OTCMKTS:BKHYY) shares were down 5.8% on Wednesday . The company traded as low as $117.69 and last traded at $117.69. Approximately 1,056 shares traded hands 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 downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Bank Hapoalim Stock Up 2.9%

The firm’s 50-day moving average price is $116.14 and its 200 day moving average price is $103.98. The firm has a market cap of $33.81 billion, a P/E ratio of 13.00 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.

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

Bank Hapoalim Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were given a dividend of $0.9362 per share. 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 presently 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.