Yousif Capital Management LLC Raises Position in HDFC Bank Limited $HDB

Yousif Capital Management LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,592 shares of the bank’s stock after acquiring an additional 18,796 shares during the period. Yousif Capital Management LLC’s holdings in HDFC Bank were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division boosted its position in shares of 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. Roxbury Financial LLC purchased a new position in HDFC Bank during the second quarter valued at $30,000. Whipplewood Advisors LLC boosted its holdings in shares of HDFC Bank by 112.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock valued at $42,000 after buying an additional 290 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of HDFC Bank by 136.4% in the 2nd quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after acquiring an additional 390 shares in the last quarter. Finally, Assetmark Inc. lifted its position in HDFC Bank by 358.4% during the 2nd quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after acquiring an additional 552 shares during the period. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HDB. Weiss Ratings restated a “hold (c-)” rating on shares of HDFC Bank in a report on Monday. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Wall Street Zen downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

HDFC Bank Trading Up 0.3%

Shares of HDB opened at $36.46 on Wednesday. HDFC Bank Limited has a 12 month low of $28.89 and a 12 month high of $39.81. The business’s fifty day simple moving average is $36.23 and its two-hundred day simple moving average is $36.52. The company has a market cap of $186.00 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.64 and a beta of 0.58.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.36 by $0.08. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%.The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $4.98 billion. As a group, research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

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).