HDFC Bank (NYSE:HDB) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of HDFC Bank (NYSE:HDB) from a hold rating to a sell rating in a report issued on Monday.

A number of other analysts have also issued reports on HDB. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDB opened at $73.64 on Monday. HDFC Bank has a 1 year low of $54.99 and a 1 year high of $75.37. The company’s 50 day simple moving average is $66.08 and its 200 day simple moving average is $63.96. The company has a market capitalization of $186.48 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. On average, sell-side analysts predict that HDFC Bank will post 3.03 EPS for the current year.

Institutional Trading of HDFC Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in HDFC Bank during the fourth quarter valued at about $29,000. Larson Financial Group LLC lifted its stake in shares of HDFC Bank by 1,217.1% in the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. Graney & King LLC purchased a new stake in shares of HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. increased its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in HDFC Bank by 448.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock worth $41,000 after purchasing an additional 507 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.