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

Bank Hapoalim (OTCMKTS:BKHYY)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $128.89, but opened at $123.2150. Bank Hapoalim shares last traded at $123.2150, with a volume of 2,017 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Bank Hapoalim Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. The stock has a market cap of $32.22 billion, a PE ratio of 10.89 and a beta of 1.24. The company’s 50 day moving average is $128.81 and its 200-day moving average is $125.84.

Bank Hapoalim (OTCMKTS:BKHYY) last released 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. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $6.13 billion. Bank Hapoalim had a net margin of 22.88% and a return on equity of 14.08%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is an Israeli financial institution headquartered in Tel Aviv. Founded in 1921, it is one of Israel’s largest banking groups and provides financial services to individuals, businesses, institutional clients and government-related organizations.

The bank offers personal and business deposit accounts, consumer and commercial lending, mortgages, credit cards, payment services and digital banking. Its corporate and investment banking activities include working-capital financing, trade finance, foreign exchange, capital-markets services and financial advisory.