Bank Hapoalim (OTCMKTS:BKHYY) Stock Price Down 5.8% – Should You Sell?

Bank Hapoalim (OTCMKTS:BKHYY)’s share price was down 5.8% on Wednesday . The company traded as low as $117.69 and last traded at $117.69. Approximately 1,056 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 3,735 shares. The stock had previously closed at $124.91.

Wall Street Analyst Weigh In

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

Bank Hapoalim Stock Up 2.9%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50 day moving average price is $116.14 and its 200 day moving average price is $103.98. The firm has a market cap of $33.81 billion, a price-to-earnings ratio of 13.00 and a beta of 1.16.

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

Bank Hapoalim Cuts Dividend

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

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.