Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Up – Still a Buy?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped up before the market opened on Friday . The stock had previously closed at $123.49, but opened at $128.94. Bank Hapoalim shares last traded at $119.21, with a volume of 1,538 shares.

Analyst Ratings Changes

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

Bank Hapoalim Stock Up 0.1%

The stock has a market cap of $32.53 billion, a price-to-earnings ratio of 12.51 and a beta of 1.16. The firm’s 50 day moving average is $116.91 and its two-hundred day moving average is $104.27. 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 posted its quarterly earnings data on Thursday, November 20th. The bank reported $2.68 earnings per share for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%. The business had revenue of $1.99 billion during the quarter.

Bank Hapoalim Cuts Dividend

The firm also recently disclosed 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 (DPR) is 38.62%.

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.