Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – Time to Sell?

Bank Hapoalim (OTCMKTS:BKHYY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $120.4650, but opened at $112.05. Bank Hapoalim shares last traded at $112.05, with a volume of 848 shares changing hands.

Bank Hapoalim Stock Performance

The firm has a market cap of $32.39 billion, a price-to-earnings ratio of 12.47 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $111.97 and a 200 day moving average of $101.74.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings data on Thursday, November 20th. The bank reported $2.68 earnings per share (EPS) for the quarter. Bank Hapoalim had a return on equity of 14.60% and a net margin of 21.60%.The company had revenue of $1.99 billion for the quarter.

Bank Hapoalim Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.9362 per share. This represents a yield of 266.0%. The ex-dividend date was Monday, December 1st. Bank Hapoalim’s dividend payout ratio is 38.62%.

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.