NBC Securities Inc. Invests $55,000 in HDFC Bank Limited (NYSE:HDB)

NBC Securities Inc. acquired a new position in HDFC Bank Limited (NYSE:HDB) during the first quarter, Holdings Channel.com reports. The firm acquired 840 shares of the bank’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of HDFC Bank by 52.0% in the fourth quarter. Northern Trust Corp now owns 1,015,588 shares of the bank’s stock worth $64,855,000 after acquiring an additional 347,488 shares during the period. Tudor Investment Corp ET AL acquired a new stake in HDFC Bank during the fourth quarter valued at $580,000. US Bancorp DE grew its position in HDFC Bank by 12.7% during the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock valued at $10,068,000 after buying an additional 17,800 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in HDFC Bank during the fourth quarter valued at $2,907,000. Finally, Ovata Capital Management Ltd grew its position in HDFC Bank by 89.7% during the fourth quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank’s stock valued at $43,863,000 after buying an additional 326,400 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th.

HDFC Bank Stock Performance

HDB opened at $76.08 on Thursday. The firm has a market capitalization of $192.67 billion, a PE ratio of 23.13, a PEG ratio of 2.12 and a beta of 0.64. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $77.76. The firm’s 50-day moving average price is $72.05 and its 200 day moving average price is $65.90. 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 issued its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.