Hancock Whitney Corp Reduces Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Hancock Whitney Corp lessened its stake in HDFC Bank Limited (NYSE:HDB) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,866 shares of the bank’s stock after selling 2,540 shares during the quarter. Hancock Whitney Corp’s holdings in HDFC Bank were worth $555,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HDB. Commerce Bank boosted its stake in shares of HDFC Bank by 7.0% in the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after purchasing an additional 225 shares during the period. UMB Bank n.a. boosted its position in HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after buying an additional 248 shares during the last quarter. Mount Yale Investment Advisors LLC boosted 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 valued at $399,000 after buying an additional 257 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in shares of HDFC Bank by 1.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock worth $1,600,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

HDFC Bank Price Performance

Shares of HDB stock opened at $66.65 on Wednesday. The firm has a market cap of $168.78 billion, a P/E ratio of 20.26, a P/E/G ratio of 1.71 and a beta of 0.91. The firm has a fifty day moving average of $63.18 and a two-hundred day moving average of $61.37. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. As a group, research analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share 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.