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

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped down prior to trading on Thursday . The stock had previously closed at $121.12, but opened at $115.31. Bank Hapoalim shares last traded at $121.89, with a volume of 1,050 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded 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, Based on data from MarketBeat, Bank Hapoalim presently has an average rating of “Hold”.

Bank Hapoalim Stock Up 0.3%

The stock has a market capitalization of $32.25 billion, a P/E ratio of 11.45 and a beta of 1.19. The firm’s fifty day moving average is $127.40 and its 200-day moving average is $113.45. 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 issued its quarterly earnings data on Wednesday, March 4th. The bank reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.51). The firm had revenue of $1.76 billion for the quarter. Bank Hapoalim had a return on equity of 15.44% and a net margin of 22.63%.

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.