HDFC Bank (NYSE:HDB) Hits New 52-Week High - Should You Buy?

HDFC Bank Limited (NYSE:HDB - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $75.60 and last traded at $75.48, with a volume of 1516046 shares changing hands. The stock had previously closed at $74.74.

Analyst Upgrades and Downgrades

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

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 stock has a market capitalization of $190.96 billion, a PE ratio of 22.92, a P/E/G ratio of 2.12 and a beta of 0.63. The stock's 50-day moving average is $70.47 and its 200 day moving average is $65.22.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank in the 4th quarter worth $29,000. Larson Financial Group LLC lifted its stake in shares of HDFC Bank by 1,217.1% in the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank's stock worth $31,000 after acquiring an additional 426 shares during the period. Graney & King LLC acquired a new stake in shares of HDFC Bank in the 4th quarter worth $38,000. Brown Brothers Harriman & Co. lifted its stake in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after acquiring an additional 240 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of HDFC Bank by 448.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock worth $41,000 after acquiring an additional 507 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

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.