HDFC Bank Limited (NYSE:HDB) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB) by 22.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,866 shares of the bank’s stock after selling 2,540 shares during the quarter. Hancock Whitney Corp’s holdings in HDFC Bank were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Citigroup Inc. increased its position in HDFC Bank by 21.1% in the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after buying an additional 199,582 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of HDFC Bank by 13.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock worth $15,114,000 after acquiring an additional 28,500 shares during the period. Manning & Napier Advisors LLC bought a new stake in HDFC Bank in the 2nd quarter valued at about $166,709,000. US Bancorp DE boosted its stake in HDFC Bank by 38.1% during the 3rd quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock valued at $8,750,000 after purchasing an additional 38,571 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in HDFC Bank by 56.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 139,612 shares of the bank’s stock valued at $8,981,000 after purchasing an additional 50,301 shares during the period. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Trading Down 0.4 %

NYSE:HDB opened at $66.65 on Wednesday. The stock has a market cap of $168.78 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44. The business has a fifty day moving average of $63.18 and a 200-day moving average of $61.37.

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

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.