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

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $112.93, but opened at $118.0490. Bank Hapoalim shares last traded at $117.51, with a volume of 1,511 shares traded.

Bank Hapoalim Stock Down 1.0%

The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of 10.89 and a beta of 1.18. The stock has a 50 day moving average of $129.44 and a 200 day moving average of $124.54. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.56.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Thursday, May 14th. The bank reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.05). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $5.97 billion. Bank Hapoalim had a return on equity of 14.89% and a net margin of 22.10%.

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.