JFS Wealth Advisors LLC Purchases 351 Shares of HDFC Bank Limited (NYSE:HDB)

JFS Wealth Advisors LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 52.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018 shares of the bank’s stock after purchasing an additional 351 shares during the quarter. JFS Wealth Advisors LLC’s holdings in HDFC Bank were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HDB. Pin Oak Investment Advisors Inc. lifted its stake in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of HDFC Bank in the third quarter valued at about $38,000. RPg Family Wealth Advisory LLC purchased a new position in shares of HDFC Bank in the third quarter valued at about $65,000. Brooklyn Investment Group boosted its stake in shares of HDFC Bank by 967.0% in the fourth quarter. Brooklyn Investment Group now owns 1,878 shares of the bank’s stock worth $120,000 after acquiring an additional 1,702 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in HDFC Bank by 22.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,103 shares of the bank’s stock valued at $132,000 after purchasing an additional 392 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HDB has been the subject of several recent analyst reports. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $60.51 on Wednesday. The firm has a market cap of $153.22 billion, a PE ratio of 18.39, a PEG ratio of 1.70 and a beta of 0.91. The stock has a 50 day moving average of $61.93 and a 200 day moving average of $62.41. 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 Limited has a 12 month low of $53.00 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS 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, research analysts expect that HDFC Bank Limited will post 3.09 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.