Farther Finance Advisors LLC Has $213,000 Stake in HDFC Bank Limited (NYSE:HDB)

Farther Finance Advisors LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,328 shares of the bank’s stock after acquiring an additional 407 shares during the period. Farther Finance Advisors LLC’s holdings in HDFC Bank were worth $213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares in the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank during the 4th quarter worth about $42,000. Kestra Investment Management LLC bought a new stake in HDFC Bank during the 4th quarter worth about $60,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in HDFC Bank during the 3rd quarter worth about $65,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 1.3 %

Shares of HDB stock opened at $63.20 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50-day moving average is $60.07 and its 200-day moving average is $62.44. The stock has a market cap of $160.03 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank 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.