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

Bank Hapoalim (OTCMKTS:BKHYYGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $120.4650, but opened at $128.34. Bank Hapoalim shares last traded at $128.34, with a volume of 1,217 shares.

Analyst Ratings Changes

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

Get Our Latest Report on Bank Hapoalim

Bank Hapoalim Trading Up 0.2%

The stock has a 50-day moving average of $113.76 and a two-hundred day moving average of $102.49. The company has a market cap of $33.20 billion, a P/E ratio of 13.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93.

Bank Hapoalim (OTCMKTS:BKHYYGet Free Report) last released its earnings results on Thursday, November 20th. The bank reported $2.68 EPS for the quarter. Bank Hapoalim had a return on equity of 14.60% and a net margin of 21.60%.The business had revenue of $1.99 billion for the quarter.

Bank Hapoalim Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $0.9362 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 266.0%. Bank Hapoalim’s dividend payout ratio is presently 38.62%.

Bank Hapoalim Company Profile

(Get Free Report)

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.

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