PDS Planning Inc Increases Stake in HDFC Bank Limited $HDB

PDS Planning Inc boosted its stake in HDFC Bank Limited (NYSE:HDB) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,181 shares of the bank’s stock after purchasing an additional 1,653 shares during the period. PDS Planning Inc’s holdings in HDFC Bank were worth $1,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HDB. Central Pacific Bank Trust Division purchased a new stake in HDFC Bank during the 2nd quarter valued at $29,000. Roxbury Financial LLC bought a new position in shares of HDFC Bank during the second quarter valued at about $30,000. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 426 shares during the period. Cullen Frost Bankers Inc. increased its holdings in 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 purchasing an additional 507 shares during the period. Finally, Pinnacle Bancorp Inc. increased its holdings in HDFC Bank by 109.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock valued at $56,000 after purchasing an additional 443 shares during the period. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

HDB has been the topic of a number of recent analyst reports. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

HDFC Bank Trading Up 0.1%

HDB opened at $34.82 on Friday. The stock has a fifty day simple moving average of $35.78 and a two-hundred day simple moving average of $36.30. The company has a market cap of $177.63 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.84 and a beta of 0.63. HDFC Bank Limited has a 12-month low of $28.89 and a 12-month high of $39.81.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, July 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%.The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. On average, analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, August 20th. Investors of record on Thursday, July 31st were given a dividend of $0.0854 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Thursday, July 31st. HDFC Bank’s dividend payout ratio (DPR) is 19.63%.

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.