Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down - Here's Why

Key Points

• Bank Hapoalim's stock price decreased significantly, gapping down from $94.58 to $90.02 before trading at $90.25, reflecting a 4.8% decline.
• The bank reported earnings per share of $2.53 in its latest quarterly earnings, along with revenues of $1.57 billion and a net margin of 19.73%.
• Bank Hapoalim has recently increased its dividend to $0.5386, representing an impressive dividend yield of 207.0% compared to its previous dividend of $0.27.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $94.58, but opened at $90.02. Bank Hapoalim shares last traded at $90.25, with a volume of 1,722 shares trading hands.

Bank Hapoalim Trading Down 1.9%

The business has a fifty day simple moving average of $90.94 and a 200 day simple moving average of $77.72. The stock has a market cap of $23.89 billion, a price-to-earnings ratio of 10.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 0.92.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last announced its earnings results on Sunday, May 18th. The bank reported $2.53 EPS for the quarter. The firm had revenue of $1.57 billion for the quarter. Bank Hapoalim had a return on equity of 14.07% and a net margin of 19.73%.

Bank Hapoalim Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.5386 per share. This represents a dividend yield of 207.0%. This is a positive change from Bank Hapoalim's previous dividend of $0.27. The ex-dividend date was Friday, May 30th. Bank Hapoalim's payout ratio is 27.09%.

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.