Schwartz Investment Counsel Inc. Buys 1,900 Shares of HDFC Bank Limited (NYSE:HDB)

Schwartz Investment Counsel Inc. grew its position in HDFC Bank Limited (NYSE:HDB) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,050 shares of the bank’s stock after purchasing an additional 1,900 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in HDFC Bank were worth $3,196,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Glenmede Trust Co. NA boosted its holdings in HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after acquiring an additional 167 shares during the period. Commerce Bank lifted its position in shares of HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after purchasing an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after buying an additional 257 shares during the period. Finally, Baron Wealth Management LLC lifted its holdings in shares of HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank’s stock worth $470,000 after buying an additional 263 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB opened at $60.68 on Wednesday. The stock’s 50 day simple moving average is $62.64 and its 200-day simple moving average is $62.41. 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 stock has a market cap of $153.65 billion, a PE ratio of 18.44, a P/E/G ratio of 1.70 and a beta of 0.91. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Sell-side analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current year.

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.