HDFC Bank Limited (NYSE:HDB - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.81 and traded as high as $64.15. HDFC Bank shares last traded at $64.14, with a volume of 1,523,161 shares.
Analysts Set New Price Targets
Separately, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.
Read Our Latest Report on HDFC Bank
HDFC Bank Price Performance
The company has a market cap of $161.71 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The business has a 50 day moving average of $64.91 and a 200 day moving average of $62.83. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $4.84 billion. As a group, research analysts predict that HDFC Bank Limited will post 3.15 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in HDB. Glenmede Trust Co. NA boosted its position in shares of HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock valued at $301,000 after purchasing an additional 167 shares in the last quarter. Commerce Bank lifted its position in HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after buying an additional 225 shares during the period. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after buying an additional 254 shares during the period. Mount Yale Investment Advisors LLC boosted its holdings in shares of HDFC Bank by 4.2% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock valued at $399,000 after buying an additional 257 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its position in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 17.61% of the company's stock.
About HDFC Bank
(
Get Free Report)
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
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