BNP Paribas Sells 4,253 Shares of HDFC Bank Limited (NYSE:HDB)

BNP Paribas lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,028 shares of the bank’s stock after selling 4,253 shares during the period. BNP Paribas’ holdings in HDFC Bank were worth $10,887,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new stake in HDFC Bank during the 2nd quarter worth approximately $36,000. Northwest Investment Counselors LLC bought a new position in HDFC Bank during the 3rd quarter worth $38,000. JFS Wealth Advisors LLC lifted its holdings in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after buying an additional 275 shares in the last quarter. LRI Investments LLC bought a new stake in shares of HDFC Bank in the first quarter valued at about $56,000. Finally, GAMMA Investing LLC grew its stake in shares of HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.4 %

Shares of HDB stock opened at $66.65 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The stock has a market cap of $168.78 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The stock has a 50 day simple moving average of $63.18 and a 200 day simple moving average of $61.37.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, research analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

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.