HDFC Bank's (HDB) "Hold (C)" Rating Reiterated at Weiss Ratings

HDFC Bank (NYSE:HDB - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Zacks Research upgraded HDFC Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, HDFC Bank has a consensus rating of "Moderate Buy".

HDFC Bank Stock Down 0.9%

HDFC Bank stock opened at $34.58 on Wednesday. The business has a 50-day simple moving average of $35.92 and a two-hundred day simple moving average of $36.28. The company has a market cap of $176.41 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.85 and a beta of 0.63. HDFC Bank has a 52-week low of $28.89 and a 52-week high of $39.81.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, July 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. Research analysts anticipate that HDFC Bank will post 3.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in shares of HDFC Bank during the 2nd quarter valued at approximately $29,000. Roxbury Financial LLC bought a new position in shares of HDFC Bank during the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC boosted its position in shares of HDFC Bank by 1,217.1% during the 1st 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. Whipplewood Advisors LLC boosted its position in shares of HDFC Bank by 112.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank's stock valued at $42,000 after acquiring an additional 290 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of HDFC Bank by 448.7% during the 1st 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. 17.61% of the stock is currently owned by 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.

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