Intrust Bank NA Makes New $258,000 Investment in HDFC Bank Limited $HDB

Intrust Bank NA acquired a new position in shares of HDFC Bank Limited (NYSE:HDB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,367 shares of the bank’s stock, valued at approximately $258,000.

Several other hedge funds have also recently made changes to their positions in HDB. Central Pacific Bank Trust Division purchased a new position in HDFC Bank in the 2nd quarter worth $29,000. Roxbury Financial LLC acquired a new position in shares of HDFC Bank in the second quarter valued at about $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 purchasing an additional 426 shares during the period. Whipplewood Advisors LLC raised its stake in shares of 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 purchasing an additional 290 shares during the last quarter. Finally, NewSquare Capital LLC lifted its holdings in shares of HDFC Bank by 136.4% during the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after purchasing an additional 390 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.8%

Shares of HDB stock opened at $37.15 on Wednesday. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81. The stock 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. The stock has a 50 day moving average of $35.63 and a 200 day moving average of $36.72.

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

Wall Street Analyst Weigh In

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

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.