Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Up – Time to Buy?

Shares of Bank Hapoalim (OTCMKTS:BKHYY) gapped up prior to trading on Friday . The stock had previously closed at $112.93, but opened at $118.0490. Bank Hapoalim shares last traded at $117.51, with a volume of 1,511 shares trading hands.

Bank Hapoalim Stock Up 1.4%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $129.49 and its 200-day simple moving average is $124.51. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 11.16 and a beta of 1.18.

Bank Hapoalim (OTCMKTS:BKHYY) last issued its quarterly earnings results on Thursday, May 14th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.05). Bank Hapoalim had a net margin of 22.10% and a return on equity of 14.89%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $5.97 billion.

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.