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

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $132.14, but opened at $124.65. Bank Hapoalim shares last traded at $126.7250, with a volume of 962 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Bank Hapoalim Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $127.49 and its 200 day moving average price is $125.75. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 11.20 and a beta of 1.20.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.20. Bank Hapoalim had a return on equity of 14.65% and a net margin of 22.88%.The firm had revenue of $1.63 billion for 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.