Calamos Wealth Management LLC bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,088 shares of the bank's stock, valued at approximately $1,002,000.
Several other hedge funds and other institutional investors have also made changes to their positions in HDB. Graney & King LLC purchased a new stake in HDFC Bank during the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. raised its position in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of HDFC Bank in the first quarter valued at approximately $55,000. Atlas Capital Advisors Inc. acquired a new position in HDFC Bank during the fourth quarter worth approximately $56,000. Finally, Pinnacle Bancorp Inc. increased its position in HDFC Bank by 109.7% during the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after purchasing an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.
View Our Latest Stock Report on HDFC Bank
HDFC Bank Trading Down 0.0%
HDB traded down $0.02 during trading on Friday, hitting $76.16. 1,618,943 shares of the company's stock were exchanged, compared to its average volume of 2,733,734. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $78.14. The stock has a 50 day moving average price of $74.32 and a 200 day moving average price of $66.91. The firm has a market cap of $192.86 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64.
HDFC Bank (NYSE:HDB - Get Free Report) last released 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. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. As a group, analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.
About HDFC Bank
(
Free Report)
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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