Bank Hapoalim (OTCMKTS:BKHYY) Shares Down 5% – What’s Next?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) were down 5% during mid-day trading on Friday. The company traded as low as $122.39 and last traded at $122.39. Approximately 1,539 shares were traded during mid-day trading, a decline of 89% from the average session volume of 14,598 shares. The stock had previously closed at $128.89.

Analyst Ratings Changes

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

Bank Hapoalim Stock Down 0.4%

The stock has a market cap of $33.51 billion, a P/E ratio of 11.34 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. The stock’s 50-day moving average is $127.69 and its 200-day moving average is $125.78.

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

Bank Hapoalim Company Profile

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.