Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – What’s Next?

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped down before the market opened on Friday . The stock had previously closed at $130.04, but opened at $126.2150. Bank Hapoalim shares last traded at $131.47, with a volume of 918 shares traded.

Bank Hapoalim Trading Up 1.1%

The firm has a market capitalization of $34.38 billion, a P/E ratio of 11.61 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $120.05 and a 200-day moving average of $125.51.

Bank Hapoalim (OTCMKTS:BKHYY) last announced its quarterly earnings data on Tuesday, August 11th. The bank reported $3.21 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Bank Hapoalim had a return on equity of 14.65% and a net margin of 22.88%.

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.