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HDFC Bank Ltd (HDB): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

HDFC Bank ( HDB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.5%. By the end of trading, HDFC Bank fell $0.60 (-1.8%) to $32.61 on average volume. Throughout the day, 950,865 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1,017,300 shares. The stock ranged in price between $32.43-$32.97 after having opened the day at $32.95 as compared to the previous trading day's close of $33.21. Other companies within the Banking industry that declined today were: OptimumBank Holdings ( OPHC), down 6.5%, Severn Bancorp ( SVBI), down 5.2%, Corpbanca ( BCA), down 3.2% and BanColombia ( CIB), down 2.9%.

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $26.2 billion and is part of the financial sector. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are down 19.1% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and feeble growth in the company's earnings per share.

On the positive front, Grupo Financiero Galicia ( GGAL), up 10.2%, Stewardship Financial Corporation ( SSFN), up 6.8%, First Federal Bancshares of Arkansas ( FFBH), up 5.4% and Midsouth Bancorp ( MSL), up 4.8%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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