6,051 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by May Hill Capital LLC

May Hill Capital LLC acquired a new position in HDFC Bank Limited (NYSE:HDB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,051 shares of the bank's stock, valued at approximately $402,000.

A number of other hedge funds have also modified their holdings of HDB. Graney & King LLC acquired a new stake in shares of HDFC Bank in the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. increased its stake in HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares during the period. NBC Securities Inc. bought a new position in HDFC Bank during the first quarter valued at about $55,000. Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the fourth quarter valued at about $56,000. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of HDFC Bank by 109.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after buying an additional 443 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $75.54 on Tuesday. The stock has a market capitalization of $191.29 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.85 and a beta of 0.64. The business has a 50-day moving average of $74.40 and a 200-day moving average of $67.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09. HDFC Bank Limited has a fifty-two week low of $57.24 and a fifty-two week high of $78.14.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

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.

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