Bank Hapoalim (OTCMKTS:BKHYY) Shares Gap Up - Still a Buy?

Key Points

• Shares gapped up pre-market from $132.25 to $139.00, but Barclays recently downgraded the stock from a strong-buy to a hold and the consensus analyst rating is currently Hold.
• The bank reported Q4 EPS of $2.41, missing the consensus by $0.51 (consensus $2.92) on revenue of $1.76 billion, while delivering a 15.2% return on equity and a 22.63% net margin.
• Bank Hapoalim has a market cap of $35.7 billion and a P/E of 12.7, with a debt-to-equity of 0.56 and current/quick ratios of 0.94, and its share price sits above both the 50‑day ($127.14) and 200‑day ($117.50) moving averages.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $132.25, but opened at $139.00. Bank Hapoalim shares last traded at $139.00, with a volume of 2,770 shares.

Analyst Ratings Changes

Separately, Barclays downgraded Bank Hapoalim from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Bank Hapoalim currently has an average rating of "Hold".

Bank Hapoalim Stock Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.56. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 12.70 and a beta of 1.20. The company has a 50 day simple moving average of $127.14 and a 200 day simple moving average of $117.50.

Bank Hapoalim (OTCMKTS:BKHYY - Get Free Report) last posted its earnings results on Wednesday, March 4th. The bank reported $2.41 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.51). The business had revenue of $1.76 billion for the quarter. Bank Hapoalim had a return on equity of 15.20% and a net margin of 22.63%.

Bank Hapoalim Company Profile

Bank Hapoalim B.M. is one of Israel's largest banking groups, providing a broad range of financial services to retail, corporate and institutional customers. Founded in 1921 by the Histadrut labor federation, the bank has developed into a full-service financial institution offering deposit accounts, consumer and mortgage lending, credit cards, payment services, and branch-based retail banking. It also serves small and medium-sized enterprises with working capital and trade finance solutions.

In addition to traditional retail banking, Bank Hapoalim operates significant corporate and investment banking divisions.

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