Verdence Capital Advisors LLC Has $659,000 Holdings in HDFC Bank Limited (NYSE:HDB)

Verdence Capital Advisors LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,816 shares of the bank’s stock after buying an additional 253 shares during the period. Verdence Capital Advisors LLC’s holdings in HDFC Bank were worth $659,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of HDFC Bank in the 3rd quarter worth approximately $27,000. NBC Securities Inc. bought a new stake in HDFC Bank during the third quarter valued at $29,000. FinTrust Capital Advisors LLC grew its holdings in HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock worth $41,000 after acquiring an additional 185 shares during the period. Signaturefd LLC raised its position in shares of HDFC Bank by 44.7% in the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock worth $50,000 after acquiring an additional 262 shares in the last quarter. Finally, Park Place Capital Corp raised its position in shares of HDFC Bank by 84.9% in the 3rd quarter. Park Place Capital Corp now owns 867 shares of the bank’s stock worth $51,000 after acquiring an additional 398 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

NYSE:HDB opened at $58.29 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The company has a fifty day moving average of $55.79 and a 200-day moving average of $58.58. The firm has a market capitalization of $108.41 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.46 and a beta of 0.87.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday.

HDFC Bank Company 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.