Focus Partners Advisor Solutions LLC Buys 4,730 Shares of HDFC Bank Limited $HDB

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in HDFC Bank by 112.2%, acquiring an additional 4,730 shares in the first quarter, bringing its total ownership to 8,947 shares valued at approximately $594,000.
• HDFC Bank recently reported a quarterly EPS of $0.74, missing the consensus estimate by $0.01, despite achieving revenue of $5.10 billion, exceeding analyst expectations.
• The bank declared a special dividend of $0.1707 per share, yielding 101.0%, with a dividend payout ratio of 19.63% as of July 31.

Focus Partners Advisor Solutions LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 112.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,947 shares of the bank's stock after purchasing an additional 4,730 shares during the period. Focus Partners Advisor Solutions LLC's holdings in HDFC Bank were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of HDFC Bank by 1,217.1% during the first quarter. Larson Financial Group LLC now owns 461 shares of the bank's stock worth $31,000 after acquiring an additional 426 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position 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 acquiring an additional 507 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of HDFC Bank during the first quarter worth $55,000. Pinnacle Bancorp Inc. lifted its position in shares of 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 acquiring an additional 443 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of HDFC Bank by 233.0% during the first quarter. Rakuten Securities Inc. now owns 899 shares of the bank's stock worth $60,000 after acquiring an additional 629 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports 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. Zacks Research downgraded HDFC Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

HDFC Bank Price Performance

NYSE HDB traded up $0.42 during trading hours on Wednesday, reaching $35.42. 770,312 shares of the stock traded hands, compared to its average volume of 4,967,751. The stock has a 50 day simple moving average of $37.41 and a two-hundred day simple moving average of $35.68. HDFC Bank Limited has a 1 year low of $28.89 and a 1 year high of $39.81. The company has a market cap of $180.70 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 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 for the quarter, compared to analysts' expectations of $5.03 billion. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, August 20th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.0854 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Thursday, July 31st. HDFC Bank's dividend payout ratio (DPR) is 9.82%.

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.