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

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $112.07, but opened at $122.00. Bank Hapoalim shares last traded at $119.6650, with a volume of 1,157 shares trading hands.

Bank Hapoalim Price Performance

The stock has a market cap of $31.07 billion, a price-to-earnings ratio of 11.95 and a beta of 1.16. The stock’s 50 day simple moving average is $110.13 and its two-hundred day simple moving average is $100.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93.

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

Bank Hapoalim Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd were issued a $0.9362 dividend. The ex-dividend date of this dividend 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

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.