Leavell Investment Management Inc. Makes New $271,000 Investment in HDFC Bank Limited (NYSE:HDB)

Leavell Investment Management Inc. bought a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,085 shares of the bank's stock, valued at approximately $271,000.

Other hedge funds also recently bought and sold shares of the company. Banque Pictet & Cie SA grew its stake in shares of HDFC Bank by 89.3% during the 1st quarter. Banque Pictet & Cie SA now owns 113,201 shares of the bank's stock valued at $7,521,000 after acquiring an additional 53,393 shares during the period. Rehmann Capital Advisory Group increased its holdings in HDFC Bank by 4.8% during the 1st quarter. Rehmann Capital Advisory Group now owns 14,807 shares of the bank's stock worth $984,000 after purchasing an additional 677 shares during the period. Flossbach Von Storch SE increased its holdings in shares of HDFC Bank by 1.5% in the 1st quarter. Flossbach Von Storch SE now owns 1,049,520 shares of the bank's stock valued at $69,730,000 after acquiring an additional 16,000 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of HDFC Bank by 6.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 322,392 shares of the bank's stock worth $20,896,000 after purchasing an additional 20,905 shares in the last quarter. Finally, May Hill Capital LLC acquired a new stake in HDFC Bank during the 1st quarter worth about $402,000. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.0%

Shares of HDB traded down $0.01 during mid-day trading on Tuesday, reaching $75.20. The company's stock had a trading volume of 586,753 shares, compared to its average volume of 2,697,187. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $78.14. The stock has a market cap of $190.43 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.64. The company's 50 day moving average is $74.72 and its 200 day moving average is $67.40.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 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 business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

HDFC Bank 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.