HDFC Bank Limited (NYSE:HDB - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $75.89 and last traded at $75.85, with a volume of 316626 shares traded. The stock had previously closed at $75.08.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.
Check Out Our Latest Stock Analysis on HDFC Bank
HDFC Bank Price Performance
The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $196.36 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.12 and a beta of 0.64. The firm's fifty day moving average is $71.19 and its 200 day moving average is $65.54.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its 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. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. As a group, analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.
Hedge Funds Weigh In On HDFC Bank
A number of large investors have recently bought and sold shares of HDB. abrdn plc boosted its stake in shares of HDFC Bank by 23.1% during the fourth quarter. abrdn plc now owns 367,484 shares of the bank's stock valued at $23,381,000 after purchasing an additional 68,857 shares during the period. Mather Group LLC. lifted its holdings in HDFC Bank by 10.7% during the 4th quarter. Mather Group LLC. now owns 3,620 shares of the bank's stock valued at $231,000 after buying an additional 351 shares in the last quarter. Adero Partners LLC purchased a new stake in HDFC Bank in the 4th quarter valued at about $223,000. Sumitomo Mitsui Trust Group Inc. boosted its position in HDFC Bank by 11.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,326,149 shares of the bank's stock valued at $84,688,000 after buying an additional 134,167 shares during the period. Finally, Tobam grew its stake in HDFC Bank by 2.2% in the 4th quarter. Tobam now owns 34,411 shares of the bank's stock worth $2,197,000 after acquiring an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.
HDFC Bank Company Profile
(
Get 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.
Further Reading
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