Townsquare Capital LLC Boosts Position in HDFC Bank Limited (NYSE:HDB)

Townsquare Capital LLC grew its stake in HDFC Bank Limited (NYSE:HDB) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,890 shares of the bank’s stock after buying an additional 10,561 shares during the quarter. Townsquare Capital LLC’s holdings in HDFC Bank were worth $3,934,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HDB. Ridgewood Investments LLC purchased a new stake in shares of HDFC Bank during the second quarter worth approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank during the third quarter worth $38,000. JFS Wealth Advisors LLC raised its position in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after buying an additional 324 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in HDFC Bank in the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB opened at $66.79 on Friday. The stock’s 50-day moving average price is $63.34 and its 200 day moving average price is $61.53. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.76. The firm has a market cap of $169.13 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.79 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results 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 business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday.

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.