First Affirmative Financial Network Has $227,000 Stock Holdings in HDFC Bank Limited (NYSE:HDB)

First Affirmative Financial Network raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 14.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,628 shares of the bank’s stock after purchasing an additional 466 shares during the period. First Affirmative Financial Network’s holdings in HDFC Bank were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HDB. Capital Insight Partners LLC raised its holdings in shares of HDFC Bank by 1.1% during the third quarter. Capital Insight Partners LLC now owns 48,398 shares of the bank’s stock worth $3,028,000 after acquiring an additional 550 shares in the last quarter. Tobam lifted its holdings in shares of HDFC Bank by 25.2% during the 3rd quarter. Tobam now owns 33,682 shares of the bank’s stock valued at $2,107,000 after buying an additional 6,790 shares during the last quarter. UMB Bank n.a. grew its stake in shares of HDFC Bank by 10.5% in the 3rd quarter. UMB Bank n.a. now owns 5,340 shares of the bank’s stock valued at $334,000 after buying an additional 509 shares in the last quarter. Perpetual Ltd increased its holdings in HDFC Bank by 6.2% in the third quarter. Perpetual Ltd now owns 1,088,671 shares of the bank’s stock worth $68,107,000 after buying an additional 63,507 shares during the last quarter. Finally, CWM LLC raised its position in HDFC Bank by 2,567.2% during the third quarter. CWM LLC now owns 3,094 shares of the bank’s stock valued at $194,000 after acquiring an additional 2,978 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.3 %

HDB opened at $60.54 on Friday. The firm has a market cap of $112.60 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51. The business has a 50 day moving average price of $61.48 and a 200 day moving average price of $60.04. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. The business had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Research analysts forecast that HDFC Bank Limited will post 2.96 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on HDB shares. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday.

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.