Dorsey & Whitney Trust CO LLC Has $288,000 Holdings in HDFC Bank Limited $HDB

Dorsey & Whitney Trust CO LLC lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 33.0% in the second quarter, Holdings Channel.com reports. The firm owned 3,758 shares of the bank’s stock after selling 1,853 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in HDFC Bank were worth $288,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in shares of HDFC Bank during the second quarter worth about $29,000. Roxbury Financial LLC acquired a new position in HDFC Bank during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC boosted its position in HDFC Bank by 1,217.1% during 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. Whipplewood Advisors LLC grew its stake in shares of HDFC Bank by 112.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after acquiring an additional 290 shares in the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of HDFC Bank by 136.4% in the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock valued at $52,000 after purchasing an additional 390 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $36.50 on Thursday. HDFC Bank Limited has a 52-week low of $28.89 and a 52-week high of $39.81. The company has a market capitalization of $186.20 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a 50-day simple moving average of $35.65 and a 200 day simple moving average of $36.72.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.