HDFC Bank Limited $HDB Shares Purchased by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,778 shares of the bank’s stock after acquiring an additional 1,553 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in HDFC Bank were worth $1,670,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in HDFC Bank in the second quarter valued at approximately $29,000. Roxbury Financial LLC acquired a new stake in HDFC Bank in the second quarter valued at approximately $30,000. Larson Financial Group LLC raised its holdings in HDFC Bank by 1,217.1% in the first quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after acquiring an additional 426 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in HDFC Bank by 448.7% in the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock valued at $41,000 after acquiring an additional 507 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in HDFC Bank by 109.7% in the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock valued at $56,000 after acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.4%

Shares of HDFC Bank stock opened at $37.20 on Thursday. The firm has a market capitalization of $189.79 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.95 and a beta of 0.63. The firm’s 50 day moving average is $35.55 and its two-hundred day moving average is $36.47. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.98 billion. HDFC Bank had a net margin of 14.94% and a return on equity of 11.07%. As a group, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HDB. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, HDFC Bank presently has an average rating of “Moderate Buy”.

About HDFC Bank

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.