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

Bank Hapoalim (OTCMKTS:BKHYY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $115.86, but opened at $110.31. Bank Hapoalim shares last traded at $110.31, with a volume of 86,963 shares.

Bank Hapoalim Stock Performance

The firm’s 50-day simple moving average is $129.14 and its two-hundred day simple moving average is $124.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $30.03 billion, a PE ratio of 10.62 and a beta of 1.18.

Bank Hapoalim (OTCMKTS:BKHYY) last released its earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.05). The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Bank Hapoalim had a net margin of 22.10% and a return on equity of 14.38%.

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.