Bank Hapoalim (OTCMKTS:BKHYY) Sees Large Volume Increase – Here’s Why

Bank Hapoalim (OTCMKTS:BKHYY) saw unusually-strong trading volume on Thursday . 242,251 shares traded hands during trading, an increase of 2,679% from the previous session’s volume of 8,717 shares.The stock last traded at $117.33 and had previously closed at $115.86.

Bank Hapoalim Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $129.14 and a 200 day simple moving average of $124.87. The company has a market cap of $30.50 billion, a P/E ratio of 10.79 and a beta of 1.18.

Bank Hapoalim (OTCMKTS:BKHYY) last released its earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.05). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $5.97 billion. Bank Hapoalim had a return on equity of 14.38% 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.