Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down – What’s Next?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped down prior to trading on Thursday . The stock had previously closed at $132.14, but opened at $124.65. Bank Hapoalim shares last traded at $126.7250, with a volume of 962 shares changing hands.

Wall Street Analysts Forecast Growth

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

Bank Hapoalim Trading Down 2.6%

The company has a 50 day moving average of $127.49 and a 200 day moving average of $125.75. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 11.20 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66.

Bank Hapoalim (OTCMKTS:BKHYY) last released its quarterly earnings data on Tuesday, August 11th. The bank reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $6.13 billion. Bank Hapoalim had a return on equity of 14.65% and a net margin of 22.88%.

About Bank Hapoalim

Bank Hapoalim B.M. is one of Israel’s largest banking institutions, serving individual, business, corporate and institutional customers. The bank provides a broad range of financial services, including deposit accounts, consumer and commercial lending, mortgages, payment cards, foreign-currency services and digital banking.

Its business also includes corporate and investment banking, capital-markets services, asset management, private banking and wealth-management solutions. Bank Hapoalim serves customers through a network of branches and digital channels in Israel, while its international activities are conducted through subsidiaries and representative operations serving selected global markets.

Established in 1921, the bank has played a longstanding role in Israel’s financial system.