HDFC Bank Limited (NYSE:HDB - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock 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.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.
Check Out Our Latest Stock Analysis on HDB
HDFC Bank Trading Down 1.0%
The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $70.66 and a 200-day moving average price of $65.31. The company has a market capitalization of $189.75 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.12 and a beta of 0.63.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $434.68 billion. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $29,000. Larson Financial Group LLC increased its stake in 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 purchasing an additional 426 shares in the last quarter. Graney & King LLC acquired a new stake in HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. lifted its stake in HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings 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 worth $41,000 after buying an additional 507 shares during the period. Institutional investors own 17.61% of the company's stock.
About HDFC Bank
(
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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