HDFC Bank (NYSE:HDB) Cut to Hold at HSBC

HSBC cut shares of HDFC Bank (NYSE:HDB) from a buy rating to a hold rating in a report published on Monday morning, MarketBeat.com reports.

HDB has been the topic of a number of other research reports. Weiss Ratings raised shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 20th. The Goldman Sachs Group initiated coverage on shares of HDFC Bank in a research report on Friday, August 21st. They issued a “buy” rating for the company. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

HDFC Bank Price Performance

NYSE:HDB opened at $23.16 on Monday. The company has a market cap of $118.86 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.28 and a beta of 0.63. The stock’s fifty day moving average price is $24.35 and its two-hundred day moving average price is $25.76. HDFC Bank has a 1 year low of $22.30 and a 1 year high of $37.45.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $5 billion. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. On average, analysts expect that HDFC Bank will post 1.36 earnings per share for the current fiscal year.

Institutional Trading of HDFC Bank

Several hedge funds have recently added to or reduced their stakes in HDB. HB Wealth Management LLC grew its stake in shares of HDFC Bank by 43.8% during the second quarter. HB Wealth Management LLC now owns 18,512 shares of the bank’s stock valued at $478,000 after buying an additional 5,635 shares during the last quarter. XY Capital Ltd lifted its stake in shares of HDFC Bank by 143.5% in the 2nd quarter. XY Capital Ltd now owns 517,975 shares of the bank’s stock valued at $13,379,000 after acquiring an additional 305,215 shares during the last quarter. Shah Wealth Advisors LLC bought a new stake in shares of HDFC Bank in the 2nd quarter valued at about $9,072,000. MW Advisory LLC purchased a new stake in HDFC Bank during the 2nd quarter valued at about $260,000. Finally, Raiffeisen Bank International AG boosted its holdings in HDFC Bank by 999.2% during the 2nd quarter. Raiffeisen Bank International AG now owns 756,000 shares of the bank’s stock valued at $19,588,000 after acquiring an additional 687,223 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank News Summary

Here are the key news stories impacting HDFC Bank this week:

• Negative Sentiment: Several law firms, including Rosen, Hagens Berman, Faruqi & Faruqi, Bronstein, Kaplan Fox, and others, urged investors to participate in or seek leadership roles in a securities class action covering purchases from July 17, 2023, through May 26, 2026. The lead-plaintiff deadline is generally October 13, 2026, although some notices cite October 12 or October 17. The allegations are not proven. Rosen class action notice
• Negative Sentiment: The central allegations reportedly involve HDFC Bank’s disclosures about internal control over financial reporting and approximately Rs 45 crore (about $4.7 million) in alleged deposit inducements routed through the marketing budget in possible violation of Reserve Bank of India norms. Plaintiffs claim investors were harmed after an approximately 4% share-price decline. Levi & Korsinsky shareholder alert
• Negative Sentiment: HSBC lowered its rating on HDFC Bank, adding analyst caution to the litigation-related concerns. The supplied report does not specify the revised rating or price target. HSBC rating report
• Neutral Sentiment: Recent coverage also focuses on CEO Sashidhar Jagdishan’s departure and succession, with investors assessing the implications for post-merger strategy and financial performance. HDFC Bank CEO succession report
• Neutral Sentiment: HDFC Bank disclosed an unsolicited ESG rating to the NYSE. The announcement provides additional disclosure but, based on the information supplied, does not indicate a material change to earnings or operations. HDFC Bank ESG rating disclosure

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).