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

Stock quotes in this article: HDB

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 higher today making it today's featured banking winner. The industry as a whole closed the day down 0.3%. By the end of trading, HDFC Bank rose $0.77 (2.2%) to $36.48 on average volume. Throughout the day, 1,167,372 shares of HDFC Bank exchanged hands as compared to its average daily volume of 900,200 shares. The stock ranged in a price between $35.55-$36.82 after having opened the day at $36.00 as compared to the previous trading day's close of $35.71. Other companies within the Banking industry that increased today were: QC Holdings ( QCCO), up 8.9%, Credit Suisse ( UGAZ), up 7.6%, VelocityShares 3x Long Silver ETN linked to ( USLV), up 6.0% and ICICI Bank ( IBN), up 5.0%.

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 $27.5 billion and is part of the financial sector. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7. Shares are down 15.1% year to date as of the close of trading on Friday. 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 negative front, Credit Suisse ( DGAZ), down 7.8%, VelocityShares 3x Inverse Silver ETN S&P GS ( DSLV), down 5.9%, Midsouth Bancorp ( MSL), down 4.9% and OptimumBank Holdings ( OPHC), down 4.7% , were all laggards within the banking industry with Credit Suisse Group ( CS) being today's banking industry laggard.

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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