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

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped down prior to trading on Friday. The stock had previously closed at $117.22, but opened at $110.71. Bank Hapoalim shares last traded at $113.67, with a volume of 1,370 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Bank Hapoalim Trading Down 1.6%

The company has a market capitalization of $30.13 billion, a PE ratio of 10.18 and a beta of 1.24. The company’s fifty day moving average is $124.93 and its 200-day moving average is $125.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates 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

Bank Hapoalim B.M. is an Israeli banking and financial services company headquartered in Tel Aviv. Founded in 1921, it provides services to individuals, businesses, institutions and government-related customers, primarily in Israel. The bank offers checking and savings accounts, loans, mortgages, payment services, credit cards and investment products. Its business banking services include credit, financing, cash management and other financial solutions for companies and institutional clients. Bank Hapoalim also provides selected services to customers outside Israel through its international operations.