Fifth Third Bancorp Purchases 53,855 Shares of HDFC Bank Limited $HDB

Fifth Third Bancorp boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 92.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,129 shares of the bank’s stock after acquiring an additional 53,855 shares during the period. Fifth Third Bancorp’s holdings in HDFC Bank were worth $3,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC raised its stake in 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 buying an additional 290 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of HDFC Bank by 136.4% during the 2nd quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after purchasing an additional 390 shares during the last quarter. Assetmark Inc. lifted its stake in shares of HDFC Bank by 358.4% during the 2nd quarter. Assetmark Inc. now owns 706 shares of the bank’s stock worth $54,000 after purchasing an additional 552 shares during the last quarter. Central Pacific Bank Trust Division boosted its position 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 purchasing an additional 379 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 1.6%

NYSE:HDB opened at $33.33 on Thursday. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81. The company has a market cap of $170.02 billion, a PE ratio of 20.02, a P/E/G ratio of 1.37 and a beta of 0.57. The company’s 50 day moving average is $34.06 and its two-hundred day moving average is $35.32.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $16.48 billion during 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%. As a group, analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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).