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

Key Points

• Bank Hapoalim shares gapped down before the market opened, starting at $93.23 after a previous close of $96.54, indicating a potential sell signal for investors.
• The bank reported $2.68 EPS for the quarter, surpassing expectations of $2.36, while revenues were significantly below estimates at $1.80 billion.
• Bank Hapoalim recently increased its dividend to $1.0505 per share, up from $0.54, resulting in a remarkable dividend yield of 238.0% for shareholders.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $96.54, but opened at $93.23. Bank Hapoalim shares last traded at $93.23, with a volume of 508 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Bank Hapoalim to a "hold" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Bank Hapoalim Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $95.19 and a two-hundred day moving average price of $83.78. The company has a market cap of $25.95 billion, a price-to-earnings ratio of 11.31 and a beta of 1.15.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The bank reported $2.68 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.32. Bank Hapoalim had a net margin of 20.12% and a return on equity of 14.21%. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $5.97 billion.

Bank Hapoalim Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were issued a dividend of $1.0505 per share. This is a boost from Bank Hapoalim's previous dividend of $0.54. The ex-dividend date was Monday, August 25th. This represents a yield of 238.0%. Bank Hapoalim's dividend payout ratio is currently 47.88%.

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.