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

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped down before the market opened on Friday . The stock had previously closed at $130.04, but opened at $126.2150. Bank Hapoalim shares last traded at $131.47, with a volume of 918 shares traded.

Bank Hapoalim Price Performance

The company has a market capitalization of $34.38 billion, a P/E ratio of 11.61 and a beta of 1.21. The company’s 50-day moving average price is $120.05 and its two-hundred day moving average price is $125.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.96 and a quick ratio of 0.96.

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

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.