Hang Seng Bank (OTCMKTS:HSNGY) Upgraded at Zacks Research

Zacks Research upgraded shares of Hang Seng Bank (OTCMKTS:HSNGY) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Separately, UBS Group downgraded shares of Hang Seng Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hang Seng Bank currently has an average rating of “Reduce”.

Hang Seng Bank Stock Performance

Shares of OTCMKTS HSNGY opened at $15.17 on Monday. Hang Seng Bank has a 12 month low of $11.25 and a 12 month high of $16.34. The firm has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $14.29.

Hang Seng Bank Cuts Dividend

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

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.