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

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped down prior to trading on Tuesday. The stock had previously closed at $128.89, but opened at $123.2150. Bank Hapoalim shares last traded at $123.2150, with a volume of 2,017 shares changing hands.

Analysts Set New Price Targets

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

Bank Hapoalim Stock Performance

The stock has a 50-day moving average price of $129.00 and a 200 day moving average price of $125.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $31.37 billion, a price-to-earnings ratio of 10.60 and a beta of 1.24.

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, topping analysts’ consensus estimates of $3.01 by $0.20. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.08%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion.

About Bank Hapoalim

Bank Hapoalim B.M. is an Israeli financial institution headquartered in Tel Aviv. Founded in 1921, it is one of Israel’s largest banking groups and provides financial services to individuals, businesses, institutional clients and government-related organizations.

The bank offers personal and business deposit accounts, consumer and commercial lending, mortgages, credit cards, payment services and digital banking. Its corporate and investment banking activities include working-capital financing, trade finance, foreign exchange, capital-markets services and financial advisory.