SeaBridge Investment Advisors LLC Buys 927 Shares of HDFC Bank Limited (NYSE:HDB)

SeaBridge Investment Advisors LLC raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,764 shares of the bank’s stock after purchasing an additional 927 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in HDFC Bank were worth $1,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in HDFC Bank by 10.7% during the first quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $119,000 after acquiring an additional 149 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in HDFC Bank by 4.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 3,549 shares of the bank’s stock worth $276,000 after purchasing an additional 160 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in HDFC Bank by 3.2% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 6,915 shares of the bank’s stock valued at $537,000 after purchasing an additional 212 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in HDFC Bank by 55.9% in the second quarter. Arkadios Wealth Advisors now owns 597 shares of the bank’s stock worth $43,000 after buying an additional 214 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of HDFC Bank by 4.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 5,456 shares of the bank’s stock valued at $424,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 17.54% of the company’s stock.

HDB traded down $0.90 during midday trading on Wednesday, hitting $73.19. 29,374 shares of the company traded hands, compared to its average volume of 1,442,092. The company’s 50-day moving average is $74.44 and its 200 day moving average is $74.90. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $134.49 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. HDFC Bank Limited has a 52 week low of $46.62 and a 52 week high of $84.70.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Sunday, July 18th. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. HDFC Bank had a net margin of 20.64% and a return on equity of 15.71%. The firm had revenue of $3.35 billion during the quarter. On average, sell-side analysts predict that HDFC Bank Limited will post 2.72 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Tuesday, June 29th. Stockholders of record on Tuesday, June 29th were issued a dividend of $0.214 per share. The ex-dividend date was Monday, June 28th. This represents a dividend yield of 0.29%. HDFC Bank’s payout ratio is 9.01%.

Separately, Zacks Investment Research upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Monday, August 30th.

About HDFC Bank

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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