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

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped up prior to trading on Tuesday . The stock had previously closed at $123.2150, but opened at $129.25. Bank Hapoalim shares last traded at $129.25, with a volume of 710 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Bank Hapoalim from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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 0.52. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 11.86 and a beta of 1.19. The business’s 50-day simple moving average is $126.86 and its two-hundred day simple moving average is $112.17.

Bank Hapoalim (OTCMKTS:BKHYY) last released its earnings results on Wednesday, March 4th. The bank reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.51). Bank Hapoalim had a return on equity of 15.44% and a net margin of 22.63%.The firm had revenue of $1.76 billion during the quarter.

Bank Hapoalim Company Profile

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.