First Horizon Advisors Inc. Purchases 149 Shares of HDFC Bank Limited (NYSE:HDB)

First Horizon Advisors Inc. raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 10.7% in the first quarter, Holdings Channel reports. The fund owned 1,543 shares of the bank’s stock after buying an additional 149 shares during the quarter. First Horizon Advisors Inc.’s holdings in HDFC Bank were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors bought a new stake in shares of HDFC Bank in the first quarter valued at about $29,000. Endurance Wealth Management Inc. lifted its stake in shares of HDFC Bank by 182.5% in the first quarter. Endurance Wealth Management Inc. now owns 565 shares of the bank’s stock valued at $44,000 after buying an additional 365 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank in the first quarter valued at about $47,000. Whittier Trust Co. lifted its stake in shares of HDFC Bank by 675.0% in the first quarter. Whittier Trust Co. now owns 651 shares of the bank’s stock valued at $51,000 after buying an additional 567 shares during the period. Finally, Capital Asset Advisory Services LLC bought a new stake in shares of HDFC Bank in the fourth quarter valued at about $84,000. Institutional investors own 20.67% of the company’s stock.

Separately, Zacks Investment Research cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, April 28th.

Shares of HDB opened at $77.24 on Friday. The company has a market capitalization of $141.18 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The company has a current ratio of 0.08, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. HDFC Bank Limited has a 12 month low of $40.61 and a 12 month high of $84.70. The business’s 50-day simple moving average is $72.82.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Friday, April 16th. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $3.68 billion during the quarter. HDFC Bank had a net margin of 20.43% and a return on equity of 15.73%. On average, analysts expect that HDFC Bank Limited will post 2.8 earnings per share for the current fiscal year.

HDFC Bank Profile

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and salaries, and sweep-in facilities.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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