5,639 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp acquired a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,639 shares of the bank’s stock, valued at approximately $353,000.

A number of other hedge funds have also bought and sold shares of HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after purchasing an additional 3,262,442 shares during the period. TPG GP A LLC bought a new position in shares of HDFC Bank during the second quarter valued at approximately $95,637,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of HDFC Bank by 130.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock worth $140,593,000 after buying an additional 1,236,100 shares during the period. FMR LLC lifted its stake in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. Finally, Eminence Capital LP purchased a new position in HDFC Bank during the 2nd quarter valued at $68,340,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDFC Bank stock opened at $66.69 on Tuesday. The stock has a market cap of $168.88 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The firm has a 50-day moving average of $64.19 and a two-hundred day moving average of $62.40. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. 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 (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, research analysts forecast that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Company 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.