Janiczek Wealth Management LLC Acquires New Holdings in HDFC Bank Limited (NYSE:HDB)

Janiczek Wealth Management LLC bought a new position in HDFC Bank Limited (NYSE:HDB) in the 1st quarter, HoldingsChannel reports. The fund bought 632 shares of the bank’s stock, valued at approximately $35,000.

Several other large investors also recently made changes to their positions in HDB. Frazier Financial Advisors LLC bought a new position in HDFC Bank in the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in shares of HDFC Bank in the fourth quarter worth $33,000. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank during the first quarter valued at $34,000. Parkside Financial Bank & Trust raised its stake in shares of HDFC Bank by 89.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock valued at $41,000 after purchasing an additional 291 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in HDFC Bank in the fourth quarter worth about $67,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th.

HDFC Bank Price Performance

Shares of HDB stock traded down $0.07 during mid-day trading on Thursday, hitting $64.93. 1,620,155 shares of the stock traded hands, compared to its average volume of 3,201,779. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. The company’s 50-day simple moving average is $58.62 and its 200-day simple moving average is $58.58. The firm has a market cap of $120.76 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. The firm had revenue of $9.72 billion for the quarter. As a group, equities research analysts expect that HDFC Bank Limited will post 3.12 earnings per share for the current year.

HDFC Bank Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, May 8th. Investors of record on Thursday, May 9th were issued a dividend of $0.7008 per share. This represents a yield of 1%. This is a boost from HDFC Bank’s previous annual dividend of $0.59. The ex-dividend date of this dividend was Wednesday, May 8th. HDFC Bank’s dividend payout ratio (DPR) is presently 18.40%.

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.