Eagle Global Advisors LLC Boosts Stock Holdings in HDFC Bank Limited $HDB

Eagle Global Advisors LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 111.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,390 shares of the bank’s stock after buying an additional 69,395 shares during the quarter. Eagle Global Advisors LLC’s holdings in HDFC Bank were worth $4,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division increased its holdings in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the last quarter. Roxbury Financial LLC boosted its position in HDFC Bank by 194.9% during the third quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock worth $40,000 after purchasing an additional 768 shares during the period. Whipplewood Advisors LLC increased its stake in shares of HDFC Bank by 112.0% in the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after purchasing an additional 290 shares in the last quarter. Park Place Capital Corp raised its position in shares of HDFC Bank by 100.0% in the third quarter. Park Place Capital Corp now owns 1,426 shares of the bank’s stock valued at $49,000 after purchasing an additional 713 shares during the period. Finally, NewSquare Capital LLC raised its position in shares of HDFC Bank by 136.4% in the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock valued at $52,000 after purchasing an additional 390 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HDB has been the subject of a number of recent research reports. Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $32.88 on Thursday. The firm has a fifty day moving average price of $35.70 and a two-hundred day moving average price of $36.27. The company has a market cap of $167.71 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.34 and a beta of 0.57. HDFC Bank Limited has a one year low of $29.01 and a one year high of $39.81.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%.The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $4.98 billion. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

About HDFC Bank

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).