BSW Wealth Partners Cuts Stock Position in HDFC Bank Limited $HDB

BSW Wealth Partners decreased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,227 shares of the bank’s stock after selling 319 shares during the quarter. BSW Wealth Partners’ holdings in HDFC Bank were worth $554,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HDB. Central Pacific Bank Trust Division purchased a new position in shares of HDFC Bank in the 2nd quarter worth about $29,000. Roxbury Financial LLC bought a new stake in HDFC Bank during the 2nd quarter valued at about $30,000. Larson Financial Group LLC increased its stake in HDFC Bank by 1,217.1% during the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after purchasing an additional 426 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in HDFC Bank by 448.7% in the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock worth $41,000 after buying an additional 507 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of HDFC Bank in the first quarter worth approximately $55,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Price Performance

Shares of HDB stock opened at $33.83 on Thursday. The company has a market cap of $172.60 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.76 and a beta of 0.63. HDFC Bank Limited has a 1 year low of $28.89 and a 1 year high of $39.81. The firm has a fifty day moving average price of $36.33 and a 200-day moving average price of $36.17.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, July 19th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.0854 per share. The ex-dividend date was Thursday, July 31st. This represents a yield of 101.0%. HDFC Bank’s dividend payout ratio (DPR) is presently 19.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HDB shares. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, HDFC Bank has an average rating of “Buy”.

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.