Bank Hapoalim (OTCMKTS:BKHYY) Stock Falls 5.7% – Here’s Why

Bank Hapoalim (OTCMKTS:BKHYY) was down 5.7% during mid-day trading on Wednesday. The stock traded as low as $117.0950 and last traded at $117.0950. Approximately 10,130 shares traded hands during trading, a decline of 28% from the average daily volume of 14,115 shares. The stock had previously closed at $124.22.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Bank Hapoalim Trading Up 1.1%

The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 10.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.93. The business’s 50-day simple moving average is $127.64 and its two-hundred day simple moving average is $125.93.

Bank Hapoalim (OTCMKTS:BKHYY) last released its quarterly earnings data on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 22.88% and a return on equity of 14.08%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking institutions. Founded in 1921, the bank provides a broad range of financial services to individuals, businesses, institutional clients and government-related entities, with its primary operations based in Israel.

Its services include personal and business checking accounts, deposits, consumer and commercial lending, mortgages, credit cards, payments, foreign-currency services, investment products and digital banking. Bank Hapoalim also offers corporate and investment banking services, including financing, cash management, trade finance, capital-markets services and advisory solutions for larger companies and institutional customers.

In addition to its extensive branch network and digital channels in Israel, the bank serves selected international clients through overseas activities and representative operations.