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

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $123.39, but opened at $119.33. Bank Hapoalim shares last traded at $119.33, with a volume of 220 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Bank Hapoalim Stock Performance

The business’s fifty day moving average is $128.67 and its two-hundred day moving average is $125.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $32.39 billion, a PE ratio of 10.95 and a beta of 1.24.

Bank Hapoalim (OTCMKTS:BKHYY) last released its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.20. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.08%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $6.13 billion.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel’s largest banking institutions. Founded in 1921, the bank provides a broad range of financial services to individuals, businesses, institutional clients and government-related entities, with its primary operations based in Israel.

Its services include personal and business checking accounts, deposits, consumer and commercial lending, mortgages, credit cards, payments, foreign-currency services, investment products and digital banking. Bank Hapoalim also offers corporate and investment banking services, including financing, cash management, trade finance, capital-markets services and advisory solutions for larger companies and institutional customers.

In addition to its extensive branch network and digital channels in Israel, the bank serves selected international clients through overseas activities and representative operations.