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

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $120.4650, but opened at $128.34. Bank Hapoalim shares last traded at $128.34, with a volume of 1,217 shares trading hands.

Bank Hapoalim Stock Up 1.7%

The firm has a 50 day simple moving average of $112.35 and a two-hundred day simple moving average of $101.95. The stock has a market capitalization of $32.37 billion, a P/E ratio of 12.46 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.

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

Bank Hapoalim Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were given 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 currently 38.62%.

About Bank Hapoalim

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.