Bank Hapoalim (OTCMKTS:BKHYY – Get Free Report)’s share price gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $123.5350, but opened at $129.42. Bank Hapoalim shares last traded at $126.9725, with a volume of 1,028 shares traded.
The bank reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.20. Bank Hapoalim had a return on equity of 14.38% and a net margin of 22.10%.
Bank Hapoalim Trading Up 2.8%
The firm’s 50 day moving average price is $118.24 and its 200-day moving average price is $125.18. 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 stock has a market cap of $33.21 billion, a P/E ratio of 11.77 and a beta of 1.21.
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.
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