Bank Hapoalim (OTCMKTS:BKHYY) Stock Price Down 7.3% – Should You Sell?

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price fell 7.3% during mid-day trading on Tuesday . The company traded as low as $117.12 and last traded at $117.12. 2,165 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 3,713 shares. The stock had previously closed at $126.39.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Bank Hapoalim Stock Performance

The company has a market capitalization of $32.36 billion, a price-to-earnings ratio of 12.46 and a beta of 1.16. The company has a 50 day moving average price of $114.24 and a 200 day moving average price of $102.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.93.

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

Bank Hapoalim Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were issued a $0.9362 dividend. This represents a dividend yield of 266.0%. The ex-dividend date was Monday, December 1st. Bank Hapoalim’s dividend payout ratio (DPR) is currently 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.