Bank Hapoalim (OTCMKTS:BKHYY) Shares Down 8.2% – Time to Sell?

Bank Hapoalim (OTCMKTS:BKHYY) dropped 8.2% during trading on Monday . The company traded as low as $111.4925 and last traded at $111.4925. Approximately 219 shares changed hands during trading, a decline of 98% from the average daily volume of 10,212 shares. The stock had previously closed at $121.41.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Bank Hapoalim Price Performance

The company has a market cap of $29.49 billion, a PE ratio of 10.47 and a beta of 1.19. 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 has a 50 day simple moving average of $127.12 and a 200-day simple moving average of $113.86.

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

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.