HDFC Bank Limited (NYSE:HDB) – Jefferies Group upped their FY2020 EPS estimates for shares of HDFC Bank Limited in a research note issued on Tuesday. Jefferies Group analyst N. Karfa now expects that the bank will earn $5.09 per share for the year, up from their prior estimate of $4.63. Jefferies Group has a “Buy” rating on the stock.

HDB has been the subject of several other reports. BidaskClub cut HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Thursday, June 1st. Finally, Morgan Stanley upgraded HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. HDFC Bank Limited has a consensus rating of “Buy” and an average price target of $103.00.

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Shares of HDFC Bank Limited (HDB) remained flat at $96.32 during mid-day trading on Thursday. The company’s stock had a trading volume of 363,795 shares. The company has a market capitalization of $493.65 billion, a P/E ratio of 209.62 and a beta of 0.85. The company’s 50 day moving average price is $89.34 and its 200-day moving average price is $78.87. HDFC Bank Limited has a 12-month low of $59.00 and a 12-month high of $97.20.

The firm also recently announced an annual dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 29th were given a dividend of $0.493 per share. The ex-dividend date of this dividend was Tuesday, June 27th.

A number of institutional investors have recently bought and sold shares of HDB. Parallel Advisors LLC raised its stake in shares of HDFC Bank Limited by 17.1% in the first quarter. Parallel Advisors LLC now owns 1,280 shares of the bank’s stock valued at $104,000 after buying an additional 187 shares during the period. Creative Planning raised its stake in shares of HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock valued at $128,000 after buying an additional 100 shares during the period. Independent Portfolio Consultants Inc. raised its stake in shares of HDFC Bank Limited by 744.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,689 shares of the bank’s stock valued at $147,000 after buying an additional 1,489 shares during the period. Huntington National Bank raised its stake in shares of HDFC Bank Limited by 4.9% in the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock valued at $150,000 after buying an additional 81 shares during the period. Finally, Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of HDFC Bank Limited during the first quarter valued at about $201,000. Institutional investors and hedge funds own 18.60% of the company’s stock.

About HDFC Bank Limited

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

Earnings History and Estimates for HDFC Bank Limited (NYSE:HDB)

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