Atria Wealth Solutions Inc. Sells 5,267 Shares of HDFC Bank Limited $HDB

Atria Wealth Solutions Inc. lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 50.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,192 shares of the bank’s stock after selling 5,267 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in HDFC Bank were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in HDFC Bank during the second quarter valued at $29,000. Roxbury Financial LLC bought a new stake in shares of HDFC Bank in the 2nd quarter worth about $30,000. Larson Financial Group LLC lifted its holdings in shares of HDFC Bank by 1,217.1% in the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock worth $31,000 after acquiring an additional 426 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of HDFC Bank by 448.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock worth $41,000 after acquiring an additional 507 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of HDFC Bank by 109.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock worth $56,000 after acquiring an additional 443 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HDB. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of HDFC Bank in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

HDFC Bank Price Performance

Shares of HDB opened at $36.55 on Tuesday. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81. The company has a 50-day moving average of $35.55 and a 200 day moving average of $36.46. The firm has a market capitalization of $186.47 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.95 and a beta of 0.63.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, July 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. On average, equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share 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.