Bank Hapoalim (OTCMKTS:BKHYY) Trading Down 5.9% – Here’s Why

Bank Hapoalim (OTCMKTS:BKHYY) shares dropped 5.9% during mid-day trading on Monday . The company traded as low as $112.07 and last traded at $112.07. Approximately 2,498 shares traded hands during trading, a decline of 26% from the average daily volume of 3,377 shares. The stock had previously closed at $119.10.

Bank Hapoalim Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $109.89 and its 200 day moving average price is $100.53. The stock has a market cap of $29.46 billion, a PE ratio of 11.33 and a beta of 1.16.

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

Bank Hapoalim Cuts Dividend

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

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.