HDFC Bank Limited (NYSE:HDB - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $66.44, but opened at $64.74. HDFC Bank shares last traded at $64.86, with a volume of 777,611 shares.
Analyst Ratings Changes
HDB has been the subject of several recent research reports. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.
View Our Latest Stock Analysis on HDB
HDFC Bank Stock Performance
The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $164.90 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The firm's 50 day moving average price is $61.70 and its 200-day moving average price is $62.78.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.
Institutional Investors Weigh In On HDFC Bank
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in shares of HDFC Bank by 105.1% during the third quarter. Thrivent Financial for Lutherans now owns 6,503 shares of the bank's stock worth $407,000 after purchasing an additional 3,333 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after buying an additional 167 shares during the last quarter. Captrust Financial Advisors increased its stake in HDFC Bank by 17.4% during the 3rd quarter. Captrust Financial Advisors now owns 43,434 shares of the bank's stock worth $2,717,000 after buying an additional 6,443 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of HDFC Bank during the third quarter valued at approximately $997,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of HDFC Bank in the third quarter valued at approximately $222,000. 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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