The Goldman Sachs Group upgraded shares of Hang Seng Bank (OTCMKTS:HSNGY – Free Report) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.
Hang Seng Bank Trading Up 1.3 %
Shares of HSNGY opened at $13.63 on Wednesday. Hang Seng Bank has a 52 week low of $10.70 and a 52 week high of $14.81. The firm’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $12.16.
Hang Seng Bank Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 5th will be paid a $0.4115 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Hang Seng Bank’s previous dividend of $0.14.
About Hang Seng Bank
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.
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