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

Bank Hapoalim (OTCMKTS:BKHYY) shares gapped down before the market opened on Friday . The stock had previously closed at $118.00, but opened at $114.07. Bank Hapoalim shares last traded at $118.98, with a volume of 480 shares changing hands.

Bank Hapoalim Stock Up 0.9%

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 stock has a market capitalization of $31.31 billion, a P/E ratio of 12.04 and a beta of 1.16. The company has a fifty day moving average price of $109.89 and a 200-day moving average price of $100.43.

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

Bank Hapoalim Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 2nd were issued a $0.9362 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 266.0%. Bank Hapoalim’s dividend payout ratio (DPR) is 38.62%.

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.