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

Bank Hapoalim (OTCMKTS:BKHYY – Get Free Report) 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 traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Bank Hapoalim presently has an average rating of “Buy”.

Read Our Latest Analysis on Bank Hapoalim

Bank Hapoalim Stock Down 0.0%

The company has a quick ratio of 0.96, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $127.89 and a two-hundred day moving average of $125.81. The firm has a market capitalization of $33.64 billion, a price-to-earnings ratio of 11.38 and a beta of 1.20.

Bank Hapoalim (OTCMKTS:BKHYY – Get Free Report) last issued its earnings results on Tuesday, August 11th. The bank reported $3.21 EPS for the quarter, topping the consensus estimate of $3.01 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion. Bank Hapoalim had a return on equity of 14.08% and a net margin of 22.88%.

Bank Hapoalim Company Profile

(Get Free Report)

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.

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