HDFC Bank Limited (NYSE:HDB) Shares Acquired by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,787 shares of the bank’s stock after acquiring an additional 611 shares during the period. Timber Creek Capital Management LLC’s holdings in HDFC Bank were worth $3,653,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HDB. Envestnet Portfolio Solutions Inc. lifted its stake in shares of HDFC Bank by 0.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,404 shares of the bank’s stock valued at $1,504,000 after purchasing an additional 183 shares during the last quarter. Endowment Wealth Management Inc. boosted its stake in HDFC Bank by 4.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 4,166 shares of the bank’s stock worth $280,000 after buying an additional 184 shares during the period. Private Advisor Group LLC increased its position in shares of HDFC Bank by 2.3% during the fourth quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock valued at $661,000 after acquiring an additional 218 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of HDFC Bank by 2.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock valued at $659,000 after acquiring an additional 253 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of HDFC Bank by 19.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,634 shares of the bank’s stock worth $110,000 after acquiring an additional 262 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.5 %

Shares of HDB stock traded up $0.27 during trading on Friday, reaching $60.11. The company’s stock had a trading volume of 1,838,893 shares, compared to its average volume of 3,209,661. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The stock’s 50-day moving average price is $61.26 and its 200 day moving average price is $58.02. The company has a market capitalization of $111.80 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.66 and a beta of 0.93. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, topping the consensus estimate of $0.51 by $0.27. The business had revenue of $14.03 billion during the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. On average, research analysts anticipate that HDFC Bank Limited will post 2.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HDB shares. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

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.