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

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $113.2260, but opened at $119.00. Bank Hapoalim shares last traded at $119.00, with a volume of 346 shares changing hands.

Bank Hapoalim Stock Performance

The firm has a market cap of $31.02 billion, a PE ratio of 11.93 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $109.51 and a two-hundred day simple moving average of $100.07.

Bank Hapoalim (OTCMKTS:BKHYY) last posted its quarterly earnings results on Thursday, November 20th. The bank reported $2.68 EPS for the quarter. Bank Hapoalim had a net margin of 21.60% and a return on equity of 14.60%. The company had revenue of $1.99 billion for the quarter.

Bank Hapoalim Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.9362 per share. This represents a dividend yield of 266.0%. The ex-dividend date of this dividend was Monday, December 1st. Bank Hapoalim’s payout ratio is currently 38.62%.

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.