HDFC Bank Limited $HDB Stake Raised by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,219 shares of the bank’s stock after buying an additional 785 shares during the period. Blair William & Co. IL’s holdings in HDFC Bank were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in shares of HDFC Bank in the second quarter valued at $29,000. Roxbury Financial LLC bought a new position in shares of HDFC Bank in the second quarter valued at $30,000. Larson Financial Group LLC increased its holdings in shares of HDFC Bank by 1,217.1% in the first quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after buying an additional 426 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of HDFC Bank by 448.7% in the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock valued at $41,000 after buying an additional 507 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its stake in HDFC Bank by 109.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock valued at $56,000 after purchasing an additional 443 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDFC Bank stock opened at $35.45 on Friday. The firm has a market cap of $180.85 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.91 and a beta of 0.63. HDFC Bank Limited has a fifty-two week low of $28.89 and a fifty-two week high of $39.81. The firm has a fifty day moving average price of $35.57 and a two-hundred day moving average price of $36.36.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.03 billion. HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.0854 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Thursday, July 31st. HDFC Bank’s dividend payout ratio is currently 19.63%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HDB shares. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About HDFC Bank

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.