3,367 Shares in HDFC Bank Limited $HDB Purchased by Intrust Bank NA

Intrust Bank NA acquired a new stake in HDFC Bank Limited (NYSE:HDB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,367 shares of the bank’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Apollon Wealth Management LLC acquired a new stake in HDFC Bank in the 1st quarter valued at $228,000. Larson Financial Group LLC raised its position in HDFC Bank by 1,217.1% during the first quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock worth $31,000 after acquiring an additional 426 shares during the period. IFP Advisors Inc lifted its holdings in HDFC Bank by 65.9% during the first quarter. IFP Advisors Inc now owns 8,319 shares of the bank’s stock valued at $553,000 after purchasing an additional 3,306 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in HDFC Bank during the first quarter valued at $2,207,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of HDFC Bank by 0.6% in the first quarter. KLP Kapitalforvaltning AS now owns 241,100 shares of the bank’s stock valued at $16,019,000 after purchasing an additional 1,500 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 0.8%

NYSE:HDB opened at $37.15 on Wednesday. The company has a market cap of $189.49 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.92 and a beta of 0.69. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81. The company’s 50-day moving average price is $35.63 and its 200-day moving average price is $36.72.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.98 billion. On average, analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HDB. Weiss Ratings restated a “hold (c)” rating on shares of HDFC Bank in a research report on Wednesday, October 8th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

HDFC Bank 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.