Hang Seng Bank (OTCMKTS:HSNGY) Hits New 1-Year High – Should You Buy?

Hang Seng Bank Ltd. (OTCMKTS:HSNGY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $20.05 and last traded at $19.66, with a volume of 3343 shares trading hands. The stock had previously closed at $19.91.

Analyst Ratings Changes

Several research firms recently weighed in on HSNGY. Zacks Research raised Hang Seng Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. UBS Group downgraded Hang Seng Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Hang Seng Bank Stock Down 1.2%

The stock has a fifty day moving average of $15.55 and a two-hundred day moving average of $14.69.

Hang Seng Bank Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.1456 per share. This represents a dividend yield of 564.0%. The ex-dividend date was Thursday, August 14th.

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.