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

Bank Hapoalim (OTCMKTS:BKHYY) gapped down before the market opened on Friday . The stock had previously closed at $136.80, but opened at $127.82. Bank Hapoalim shares last traded at $127.82, with a volume of 487 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Bank Hapoalim Stock Down 4.3%

The firm has a market cap of $35.56 billion, a PE ratio of 13.69 and a beta of 1.19. The stock has a 50 day simple moving average of $121.36 and a 200-day simple moving average of $106.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.93 and a quick ratio of 0.93.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its earnings results on Thursday, November 20th. The bank reported $2.68 EPS 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 during the quarter.

Bank Hapoalim Cuts Dividend

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