Bank Hapoalim (OTCMKTS:BKHYY) Shares Down 6.6% - Should You Sell?

Key Points

• Bank Hapoalim shares decreased by 6.6%, closing at $91.96, with a significant drop in trading volume, hitting only 3,200 shares compared to an average of 19,610 shares.
• Zacks Research has upgraded Bank Hapoalim to a "hold" rating, reflecting a consensus among analysts regarding the stock's performance.
• The bank has increased its dividend to $1.0505, representing a yield of 238.0%, which is a notable increase from its previous dividend of $0.54.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report)'s stock price was down 6.6% during trading on Monday . The company traded as low as $91.96 and last traded at $91.96. Approximately 3,200 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 19,610 shares. The stock had previously closed at $98.49.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Bank Hapoalim to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Bank Hapoalim has a consensus rating of "Hold".

Bank Hapoalim Price Performance

The business's 50-day moving average price is $95.16 and its 200 day moving average price is $84.09. The stock has a market capitalization of $24.12 billion, a PE ratio of 10.51 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 0.91.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last announced its earnings results on Wednesday, August 13th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.32. Bank Hapoalim had a net margin of 20.12% and a return on equity of 14.21%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $5.97 billion.

Bank Hapoalim Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were given a $1.0505 dividend. This represents a yield of 238.0%. This is a boost from Bank Hapoalim's previous dividend of $0.54. The ex-dividend date was Monday, August 25th. Bank Hapoalim's dividend payout ratio (DPR) is presently 47.99%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. It operates through Household, Private Banking, Small businesses and micro businesses, Mid-sized businesses, Large businesses, Institutional entities, and Financial management segments.