Banque Cantonale Vaudoise Invests $2.63 Million in HDFC Bank Limited (NYSE:HDB)

Banque Cantonale Vaudoise purchased a new position in HDFC Bank Limited (NYSE:HDB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,646 shares of the bank's stock, valued at approximately $2,634,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in HDFC Bank by 1,217.1% during the 1st 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. Brown Brothers Harriman & Co. boosted its position in HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of HDFC Bank by 448.7% during the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock worth $41,000 after buying an additional 507 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of HDFC Bank in the 1st quarter worth $55,000. Finally, Pinnacle Bancorp Inc. raised its position in HDFC Bank by 109.7% in the first 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. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

HDFC Bank Stock Up 0.3%

HDFC Bank stock traded up $0.23 during mid-day trading on Friday, hitting $77.00. The company had a trading volume of 861,192 shares, compared to its average volume of 2,648,620. The stock has a market cap of $194.99 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.91 and a beta of 0.64. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $79.61. The business has a fifty day moving average of $75.92 and a 200 day moving average of $68.69.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.