HDFC Bank Limited $HDB Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,073 shares of the bank’s stock after acquiring an additional 1,133 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HDFC Bank were worth $2,612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HDB. Central Pacific Bank Trust Division acquired a new position in HDFC Bank during the second quarter worth about $29,000. Roxbury Financial LLC acquired a new position in HDFC Bank in the 2nd quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings in HDFC Bank by 1,217.1% in 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 last quarter. Cullen Frost Bankers Inc. boosted its holdings in HDFC Bank by 448.7% in 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 last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in HDFC Bank by 109.7% in 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 last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HDB has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a report on Wednesday, October 8th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

HDFC Bank Stock Performance

HDFC Bank stock opened at $36.05 on Thursday. The company’s 50 day simple moving average is $35.62 and its 200-day simple moving average is $36.35. The company has a market capitalization of $183.91 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.86 and a beta of 0.63. HDFC Bank Limited has a 1 year low of $28.89 and a 1 year high of $39.81.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share 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 analysts’ expectations of $5.03 billion. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, August 20th. Investors of record on Thursday, July 31st were paid 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 is presently 19.63%.

HDFC Bank 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.