Dubuque Bank & Trust Co. Purchases 14,029 Shares of HDFC Bank Limited (NYSE:HDB)

Dubuque Bank & Trust Co. raised its position in HDFC Bank Limited (NYSE:HDB) by 72.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,376 shares of the bank’s stock after purchasing an additional 14,029 shares during the period. Dubuque Bank & Trust Co.’s holdings in HDFC Bank were worth $1,904,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Lenox Wealth Advisors LLC increased its position in shares of HDFC Bank by 100.0% during the third quarter. Lenox Wealth Advisors LLC now owns 566 shares of the bank’s stock worth $32,000 after acquiring an additional 283 shares in the last quarter. Nkcfo LLC acquired a new position in HDFC Bank during the second quarter worth $39,000. Manchester Financial Inc. acquired a new position in HDFC Bank during the second quarter worth $51,000. Cubist Systematic Strategies LLC acquired a new stake in HDFC Bank in the second quarter valued at $52,000. Finally, Advisors Preferred LLC acquired a new stake in HDFC Bank in the second quarter valued at $53,000. 9.18% of the stock is owned by institutional investors.

A number of brokerages have commented on HDB. Sanford C. Bernstein cut shares of HDFC Bank from an “outperform” rating to a “market perform” rating in a research note on Monday, September 9th. Zacks Investment Research cut shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

HDB stock traded down $0.35 during trading hours on Thursday, reaching $56.43. The stock had a trading volume of 65,731 shares, compared to its average volume of 2,580,794. The stock has a market capitalization of $101.33 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day simple moving average of $93.05 and a 200 day simple moving average of $113.01. HDFC Bank Limited has a fifty-two week low of $42.72 and a fifty-two week high of $65.89.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, July 20th. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $4.65 billion during the quarter. HDFC Bank had a net margin of 17.98% and a return on equity of 13.23%. On average, sell-side analysts forecast that HDFC Bank Limited will post 2.06 EPS for the current fiscal year.

HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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