Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Down - Time to Sell?

Key Points

• Bank Hapoalim's shares experienced a significant decline, gapping down from a previous close of $98.59 to an opening price of $96.01.
• The company reported strong earnings with $2.68 per share, exceeding estimates, and announced a notable dividend increase, now yielding 238.0%.
• Analysts have set a consensus rating of "Hold" for Bank Hapoalim, with Zacks Research upgrading the stock to the same rating earlier this month.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $98.59, but opened at $96.01. Bank Hapoalim shares last traded at $95.84, with a volume of 1,724 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Bank Hapoalim to a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Bank Hapoalim currently has a consensus rating of "Hold".

Bank Hapoalim Trading Down 1.5%

The company has a 50-day moving average price of $95.22 and a 200-day moving average price of $82.30. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 11.15 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 posted its earnings results on Wednesday, August 13th. The bank reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.32. Bank Hapoalim had a return on equity of 14.21% and a net margin of 20.12%.The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $5.97 billion.

Bank Hapoalim Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were issued a $1.0505 dividend. This represents a dividend yield of 238.0%. The ex-dividend date of this dividend was Monday, August 25th. This is an increase from Bank Hapoalim's previous dividend of $0.54. 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.

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