Hang Seng Bank (OTCMKTS:HSNGY) Reaches New 1-Year High - What's Next?

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $15.06 and last traded at $14.76, with a volume of 4209 shares. The stock had previously closed at $14.45.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Hang Seng Bank from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 19th.

Hang Seng Bank Trading Down 0.7%

The business's 50-day simple moving average is $13.56 and its 200 day simple moving average is $13.02.

Hang Seng Bank Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a $0.1476 dividend. The ex-dividend date is Thursday, May 15th. This represents a yield of 5.7%.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.