Bank Hapoalim (OTCMKTS:BKHYY) Shares Down 5.7% – Here’s Why

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price was down 5.7% during mid-day trading on Wednesday. The stock traded as low as $117.0950 and last traded at $117.0950. 10,130 shares changed hands during trading, a decline of 28% from the average daily volume of 14,115 shares. The stock had previously closed at $124.22.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Bank Hapoalim from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Bank Hapoalim Stock Performance

The business has a 50-day simple moving average of $128.10 and a two-hundred day simple moving average of $125.97. The company has a market capitalization of $30.41 billion, a price-to-earnings ratio of 10.28 and a beta of 1.24.

Bank Hapoalim (OTCMKTS:BKHYY) last released its quarterly earnings results on Tuesday, August 11th. The bank reported $3.21 EPS for the quarter, topping the consensus estimate of $3.01 by $0.20. The company had revenue of $1.63 billion for 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 institutions. Founded in 1921, the bank provides a broad range of financial services to individuals, businesses, institutional clients and government-related entities, with its primary operations based in Israel.

Its services include personal and business checking accounts, deposits, consumer and commercial lending, mortgages, credit cards, payments, foreign-currency services, investment products and digital banking. Bank Hapoalim also offers corporate and investment banking services, including financing, cash management, trade finance, capital-markets services and advisory solutions for larger companies and institutional customers.

In addition to its extensive branch network and digital channels in Israel, the bank serves selected international clients through overseas activities and representative operations.