Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Up – Should You Buy?

Bank Hapoalim (OTCMKTS:BKHYY) gapped up before the market opened on Thursday . The stock had previously closed at $120.77, but opened at $125.76. Bank Hapoalim shares last traded at $123.6029, with a volume of 978 shares.

Analyst Ratings Changes

Separately, Barclays downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Bank Hapoalim presently has a consensus rating of “Hold”.

Bank Hapoalim Price Performance

The company has a 50 day moving average of $126.22 and a 200-day moving average of $114.99. The firm has a market capitalization of $32.77 billion, a P/E ratio of 11.64 and a beta of 1.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

Bank Hapoalim (OTCMKTS:BKHYY) last released its quarterly earnings results on Wednesday, March 4th. The bank reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.51). The firm had revenue of $1.76 billion during the quarter. Bank Hapoalim had a net margin of 22.63% and a return on equity of 15.44%.

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.