Atlas Capital Advisors Inc. Purchases Shares of 870 HDFC Bank Limited (NYSE:HDB)

Atlas Capital Advisors Inc. acquired a new position in shares of HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 870 shares of the bank’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HDB. Whipplewood Advisors LLC acquired a new stake in HDFC Bank during the 4th quarter worth approximately $29,000. Graney & King LLC bought a new position in HDFC Bank during the 4th quarter worth $38,000. Brown Brothers Harriman & Co. increased its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares during the period. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $42,000. Finally, Kestra Investment Management LLC bought a new stake in shares of HDFC Bank in the fourth quarter valued at about $60,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HDB has been the topic of a number of recent research reports. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $65.12 on Friday. The stock has a market capitalization of $164.90 billion, a PE ratio of 19.79, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day moving average price of $61.70 and a two-hundred day moving average price of $62.78.

HDFC Bank (NYSE:HDB) last posted its quarterly 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%. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

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.