Crestwood Advisors Group LLC Acquires Shares of 4,045 HDFC Bank Limited (NYSE:HDB)

Crestwood Advisors Group LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,045 shares of the bank’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. IFP Advisors Inc increased its stake in shares of HDFC Bank by 2,310.1% during the fourth quarter. IFP Advisors Inc now owns 5,013 shares of the bank’s stock worth $320,000 after purchasing an additional 4,805 shares in the last quarter. Waverton Investment Management Ltd increased its stake in shares of HDFC Bank by 1.0% during the fourth quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after purchasing an additional 203 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of HDFC Bank during the fourth quarter worth about $1,077,000. Cabot Wealth Management Inc. increased its stake in shares of HDFC Bank by 1.5% during the fourth quarter. Cabot Wealth Management Inc. now owns 290,153 shares of the bank’s stock worth $18,529,000 after purchasing an additional 4,428 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of HDFC Bank by 15.7% during the fourth quarter. First Horizon Advisors Inc. now owns 2,434 shares of the bank’s stock worth $155,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HDB shares. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB opened at $59.96 on Thursday. The firm has a market capitalization of $151.84 billion, a PE ratio of 18.22, a PEG ratio of 2.12 and a beta of 0.91. HDFC Bank Limited has a twelve month low of $53.00 and a twelve month high of $68.50. The firm’s 50-day moving average price is $61.02 and its 200 day moving average price is $62.42. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company 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.