Jacobson & Schmitt Advisors LLC Acquires 4,872 Shares of HDFC Bank Limited (NYSE:HDB)

Jacobson & Schmitt Advisors LLC increased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,144 shares of the bank's stock after buying an additional 4,872 shares during the quarter. HDFC Bank accounts for approximately 2.3% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 21st largest holding. Jacobson & Schmitt Advisors LLC's holdings in HDFC Bank were worth $11,172,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HDB. SeaBridge Investment Advisors LLC raised its stake in shares of HDFC Bank by 28.1% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 4,296 shares of the bank's stock valued at $285,000 after purchasing an additional 942 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of HDFC Bank by 448.7% in the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock valued at $41,000 after acquiring an additional 507 shares during the last quarter. Bridgewater Advisors Inc. acquired a new stake in shares of HDFC Bank in the first quarter valued at about $631,000. Larson Financial Group LLC increased its position in shares of HDFC Bank by 1,217.1% in the first quarter. Larson Financial Group LLC now owns 461 shares of the bank's stock valued at $31,000 after acquiring an additional 426 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of HDFC Bank by 12.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,474 shares of the bank's stock valued at $430,000 after acquiring an additional 694 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Stock Performance

Shares of NYSE:HDB traded down $0.79 during trading on Friday, reaching $75.35. 1,379,587 shares of the stock were exchanged, compared to its average volume of 2,685,486. HDFC Bank Limited has a 12 month low of $57.24 and a 12 month high of $78.14. The firm has a market cap of $190.81 billion, a PE ratio of 22.83, a PEG ratio of 1.87 and a beta of 0.64. The stock has a 50-day moving average price of $74.95 and a 200-day moving average price of $67.59. 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 (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.