Hang Seng Bank (OTCMKTS:HSNGY) Sets New 12-Month High - Still a Buy?

Hang Seng Bank Limited (OTCMKTS:HSNGY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.06 and last traded at $13.78, with a volume of 16898 shares traded. The stock had previously closed at $14.03.

Analyst Upgrades and Downgrades

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

Hang Seng Bank Stock Down 0.4 %

The company has a 50-day moving average price of $12.71 and a 200 day moving average price of $12.32.

Hang Seng Bank Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 5th will be given a $0.4115 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Hang Seng Bank's previous dividend of $0.14.

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.