LRI Investments LLC Buys 805 Shares of HDFC Bank Limited $HDB

LRI Investments LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 40.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,812 shares of the bank’s stock after acquiring an additional 805 shares during the period. LRI Investments LLC’s holdings in HDFC Bank were worth $216,000 at the end of the most recent reporting period.

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

HDFC Bank Stock Up 0.1%

Shares of NYSE HDB opened at $34.82 on Monday. The firm’s 50-day moving average price is $35.78 and its 200-day moving average price is $36.35. HDFC Bank Limited has a 52-week low of $28.89 and a 52-week high of $39.81. The company has a market cap of $177.63 billion, a PE ratio of 21.36, a PEG ratio of 1.85 and a beta of 0.63.

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

HDFC Bank Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, HDFC Bank presently 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.