Summitry LLC Boosts Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Summitry LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,760 shares of the bank’s stock after acquiring an additional 1,037 shares during the period. Summitry LLC’s holdings in HDFC Bank were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in HDFC Bank in the 4th quarter worth about $29,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the fourth quarter worth approximately $42,000. Kestra Investment Management LLC purchased a new position in shares of HDFC Bank during the fourth quarter valued at approximately $60,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HDFC Bank during the third quarter valued at approximately $65,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.2 %

HDB opened at $65.90 on Wednesday. The firm’s 50 day simple moving average is $60.56 and its two-hundred day simple moving average is $62.56. The company has a market capitalization of $166.88 billion, a PE ratio of 20.03, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

HDB has been the subject of a number of research analyst reports. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

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.