Diamond Hill Capital Management Inc. Grows Position in HDFC Bank Limited $HDB

Diamond Hill Capital Management Inc. raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 158,056 shares of the bank’s stock after purchasing an additional 79,028 shares during the period. Diamond Hill Capital Management Inc.’s holdings in HDFC Bank were worth $5,399,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Central Pacific Bank Trust Division increased its holdings in HDFC Bank by 100.0% during 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. Parkside Financial Bank & Trust boosted its position in HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after acquiring an additional 322 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in shares of HDFC Bank by 100.0% in the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after acquiring an additional 510 shares during the period. Roxbury Financial LLC raised its position in shares of HDFC Bank by 194.9% in the 3rd quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock worth $40,000 after acquiring an additional 768 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its stake in shares of HDFC Bank by 112.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HDB shares. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report 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 1.3%

HDB opened at $34.43 on Monday. The company has a market cap of $175.64 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.40 and a beta of 0.57. The firm’s 50-day moving average price is $34.45 and its 200-day moving average price is $35.61. HDFC Bank Limited has a 52-week low of $29.23 and a 52-week high of $39.81.

HDFC Bank (NYSE:HDB) last released its earnings results 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 company 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, research analysts anticipate 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).