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

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped up before the market opened on Friday . The stock had previously closed at $130.5750, but opened at $135.89. Bank Hapoalim shares last traded at $135.89, with a volume of 630 shares trading hands.

Bank Hapoalim Stock Performance

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 market cap of $35.54 billion, a PE ratio of 12.00 and a beta of 1.21. The business has a 50 day simple moving average of $121.38 and a two-hundred day simple moving average of $125.64.

Bank Hapoalim (OTCMKTS:BKHYY) last released its earnings results on Tuesday, August 11th. The bank reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.20. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.65%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $6.13 billion.

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.