HDFC Bank (NYSE:HDB) Upgraded at Nomura

Nomura upgraded shares of HDFC Bank (NYSE:HDB) from a neutral rating to a buy rating in a research report released on Thursday morning, MarketBeat.com reports.

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Trading Down 0.8 %

HDB opened at $58.47 on Thursday. HDFC Bank has a fifty-two week low of $52.16 and a fifty-two week high of $68.50. The firm has a market capitalization of $148.05 billion, a PE ratio of 17.77, a P/E/G ratio of 1.73 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50-day moving average is $63.69 and its 200 day moving average is $62.37.

HDFC Bank (NYSE:HDB) last posted its earnings results 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 11.78% and a net margin of 14.64%. As a group, research analysts predict that HDFC Bank will post 3.13 earnings per share for the current fiscal year.

Institutional Trading of HDFC Bank

A number of hedge funds have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. increased its position 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 purchasing an additional 254 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in HDFC Bank during the third quarter valued at about $38,000. JFS Wealth Advisors LLC increased its holdings in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank in the third quarter worth about $65,000. Finally, GAMMA Investing LLC boosted its stake in HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after acquiring an additional 312 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

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.