Canopy Partners LLC Has $359,000 Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Canopy Partners LLC increased its stake in HDFC Bank Limited (NYSE:HDB) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,619 shares of the bank’s stock after purchasing an additional 417 shares during the period. Canopy Partners LLC’s holdings in HDFC Bank were worth $359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank in the 4th quarter valued at $29,000. Graney & King LLC acquired a new stake in HDFC Bank in the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. grew its position in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after acquiring an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new position in HDFC Bank in the fourth quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. acquired a new position in HDFC Bank during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HDB. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDB stock opened at $65.12 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $61.70 and a two-hundred day simple moving average of $62.78. The firm has a market capitalization of $164.90 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.