HDFC Bank Limited $HDB Shares Bought by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG increased its HDFC Bank stake by 999.2% in the second quarter, adding 687,223 shares to hold 756,000 shares valued at approximately $19.6 million.
• HDFC Bank reported quarterly EPS of $0.40, above the $0.38 consensus estimate, while revenue reached $9.01 billion. The stock opened at $23.26, near its 12-month low of $22.30.
• Analyst sentiment remains mixed, with one Buy rating and three Holds producing a consensus Hold rating; HSBC recently downgraded the stock. The bank also faces potential legal, regulatory and reputational risks from a pending securities-fraud class action.

Raiffeisen Bank International AG grew its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 999.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 756,000 shares of the bank's stock after purchasing an additional 687,223 shares during the quarter. Raiffeisen Bank International AG's holdings in HDFC Bank were worth $19,588,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC increased its holdings in HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank's stock valued at $29,000 after buying an additional 403 shares during the last quarter. Axiom Investment Management LLC bought a new position in HDFC Bank during the 1st quarter worth approximately $32,000. Bell Investment Advisors Inc lifted its holdings in HDFC Bank by 260.9% during the 1st quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank's stock worth $34,000 after buying an additional 1,002 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its position in shares of HDFC Bank by 100.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank's stock worth $34,000 after acquiring an additional 498 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of HDFC Bank in the 3rd quarter worth approximately $43,000. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. HSBC lowered HDFC Bank from a "buy" rating to a "hold" rating in a research report on Monday. The Goldman Sachs Group began coverage on shares of HDFC Bank in a research note on Friday, August 21st. They set a "buy" rating for the company. Weiss Ratings raised shares of HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, July 20th. Zacks Research raised shares of HDFC Bank from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. Finally, Wall Street Zen lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

HDFC Bank News Summary

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: HDFC Bank’s most recent quarterly results exceeded analyst expectations, with earnings per share of $0.40 versus a $0.38 consensus estimate. This provides some fundamental support for the stock despite the legal overhang.
• Neutral Sentiment: The bank disclosed an unsolicited ESG rating to the NYSE, but the announcement does not indicate a material change to operations, earnings or valuation. HDFC Bank Discloses Unsolicited ESG Rating to NYSE
• Negative Sentiment: Several law firms announced or promoted a pending securities-fraud class action covering investors who bought HDFC Bank securities between July 17, 2023, and May 26, 2026. The notices allege that approximately Rs. 45 crore ($4.7 million) in deposit inducements was routed through the bank’s marketing budget, while net interest income, operating expenses and internal-control disclosures were allegedly misstated. CEO Sashidhar Jagdishan and CFO Srinivasan Vaidyanathan are named as individual defendants in at least one notice. Investors have been given an October 13, 2026 lead-plaintiff deadline, with some notices citing October 12 or October 17. The allegations could increase legal costs, regulatory scrutiny and reputational risk, although they have not been proven. SueWallSt HDFC Bank Class Action Notice
• Negative Sentiment: HSBC reportedly lowered its rating on HDFC Bank, adding a separate analyst sentiment headwind to the ongoing litigation concerns. HDFC Bank Stock Rating Lowered by HSBC

HDFC Bank Price Performance

NYSE:HDB opened at $23.26 on Friday. HDFC Bank Limited has a 12-month low of $22.30 and a 12-month high of $37.45. The firm has a market capitalization of $119.35 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.29 and a beta of 0.63. The business has a 50 day simple moving average of $24.31 and a 200 day simple moving average of $25.70.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $5 billion. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. Research analysts anticipate that HDFC Bank Limited will post 1.36 EPS for the current fiscal year.

HDFC Bank Company Profile

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).

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