Raiffeisen Bank International AG Buys 135,681 Shares of HDFC Bank Limited $HDB

Raiffeisen Bank International AG increased its stake in HDFC Bank Limited (NYSE:HDB) by 150.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,844 shares of the bank’s stock after purchasing an additional 135,681 shares during the period. Raiffeisen Bank International AG’s holdings in HDFC Bank were worth $7,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HDB. Whipplewood Advisors LLC raised its position in HDFC Bank by 112.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock valued at $42,000 after buying an additional 290 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of HDFC Bank by 136.4% during the 2nd quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after acquiring an additional 390 shares in the last quarter. Assetmark Inc. raised its holdings in shares of HDFC Bank by 358.4% in the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after purchasing an additional 552 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after purchasing an additional 379 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 1.2%

HDB opened at $33.11 on Friday. HDFC Bank Limited has a 12-month low of $29.23 and a 12-month high of $39.81. The business has a 50 day moving average of $33.94 and a 200-day moving average of $35.27. The stock has a market cap of $168.88 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.36 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%.The business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $5.12 billion. As a group, analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on HDB. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, HDFC Bank currently has an average rating of “Hold”.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).