HDFC Bank Limited (NYSE:HDB) Position Lowered by Lancaster Investment Management

Lancaster Investment Management trimmed its position in HDFC Bank Limited (NYSE:HDB) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,000 shares of the bank’s stock after selling 50,000 shares during the quarter. HDFC Bank accounts for approximately 12.3% of Lancaster Investment Management’s portfolio, making the stock its 4th largest holding. Lancaster Investment Management’s holdings in HDFC Bank were worth $13,858,000 at the end of the most recent quarter.

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

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $60.44 on Thursday. HDFC Bank Limited has a one year low of $54.07 and a one year high of $68.50. The business’s 50-day simple moving average is $60.12 and its 200 day simple moving average is $62.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $153.05 billion, a P/E ratio of 18.37, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

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.