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) 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.

Analyst Upgrades and Downgrades

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

Bank Hapoalim Trading Down 3.7%

The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 10.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.91. The firm's fifty day moving average is $95.43 and its 200-day moving average is $83.19.

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

Bank Hapoalim Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were issued a dividend of $1.0505 per share. This is an increase from Bank Hapoalim's previous dividend of $0.54. This represents a dividend yield of 238.0%. The ex-dividend date was Monday, August 25th. Bank Hapoalim's dividend payout ratio (DPR) is currently 47.99%.

About Bank Hapoalim

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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