Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – Time to Sell?

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $120.4650, but opened at $112.05. Bank Hapoalim shares last traded at $112.05, with a volume of 848 shares traded.

Bank Hapoalim Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $32.39 billion, a PE ratio of 12.47 and a beta of 1.16. The company has a 50-day moving average price of $111.97 and a two-hundred day moving average price of $101.74.

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

Bank Hapoalim Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd were paid a $0.9362 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 266.0%. Bank Hapoalim’s dividend payout ratio is 38.62%.

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.