Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – Here’s What Happened

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $117.01, but opened at $112.00. Bank Hapoalim shares last traded at $117.02, with a volume of 2,158 shares traded.

Wall Street Analysts Forecast Growth

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

Bank Hapoalim Stock Up 0.3%

The stock has a fifty day moving average of $126.72 and a 200-day moving average of $114.12. The firm has a market capitalization of $30.78 billion, a price-to-earnings ratio of 10.93 and a beta of 1.19. 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 announced its 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 company had revenue of $1.76 billion for the quarter.

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.