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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 0.1%. By the end of trading, HDFC Bank fell $0.57 (-1.7%) to $33.59 on average volume. Throughout the day, 866,875 shares of HDFC Bank exchanged hands as compared to its average daily volume of 875,200 shares. The stock ranged in price between $33.41-$34.50 after having opened the day at $34.44 as compared to the previous trading day's close of $34.16. Other companies within the Banking industry that declined today were: Credit Suisse (UGAZ), down 11.9%, Wayne Savings (WAYN), down 8.8%, OptimumBank Holdings (OPHC), down 8.3% and Jacksonville Bancorp (JAXB), down 5.7%.

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 $27.4 billion and is part of the financial sector. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Wednesday. 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, Credit Suisse (DGAZ), up 10.8%, PSB Holdings (PSBH), up 6.4%, Home Bancorp (HBCP), up 6.2% and Village Bank and Trust Financial Corporatio (VBFC), up 6.1% , were all gainers within the banking industry with SunTrust Banks (STI) being today's featured banking industry leader.

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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