Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – Should You Sell?

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped down before the market opened on Friday. The stock had previously closed at $117.22, but opened at $110.71. Bank Hapoalim shares last traded at $113.67, with a volume of 1,370 shares changing hands.

Analysts Set New Price Targets

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

Bank Hapoalim Stock Down 1.6%

The company’s 50 day moving average is $124.93 and its 200 day moving average is $125.60. The company has a market cap of $30.13 billion, a PE ratio of 10.18 and a beta of 1.24. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60.

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

About Bank Hapoalim

Bank Hapoalim B.M. is an Israeli banking and financial services company headquartered in Tel Aviv. Founded in 1921, it provides services to individuals, businesses, institutions and government-related customers, primarily in Israel. The bank offers checking and savings accounts, loans, mortgages, payment services, credit cards and investment products. Its business banking services include credit, financing, cash management and other financial solutions for companies and institutional clients. Bank Hapoalim also provides selected services to customers outside Israel through its international operations.