L & S Advisors Inc Purchases 27,348 Shares of HDFC Bank Limited $HDB

L & S Advisors Inc increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 126.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 48,925 shares of the bank’s stock after buying an additional 27,348 shares during the period. L & S Advisors Inc’s holdings in HDFC Bank were worth $1,671,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC lifted its stake in shares of 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 purchasing an additional 290 shares during the period. NewSquare Capital LLC increased its holdings in HDFC Bank by 136.4% in the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after purchasing an additional 390 shares in the last quarter. Assetmark Inc. increased its holdings in HDFC Bank by 358.4% in the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock worth $54,000 after purchasing an additional 552 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after buying an additional 379 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after buying an additional 322 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Up 1.6%

Shares of HDB opened at $33.33 on Thursday. The business’s fifty day moving average is $34.06 and its 200 day moving average is $35.32. HDFC Bank Limited has a 12-month low of $29.23 and a 12-month high of $39.81. The stock has a market cap of $170.02 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.37 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $16.48 billion for the quarter, compared to the consensus estimate of $5.12 billion. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. On average, analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank 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).