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

HDFC Bank ( HDB) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole was unchanged today. By the end of trading, HDFC Bank fell 50 cents (-1.5%) to $33.83 on light volume. Throughout the day, 455,650 shares of HDFC Bank exchanged hands as compared to its average daily volume of 826,000 shares. The stock ranged in price between $33.82-$34.40 after having opened the day at $34.34 as compared to the previous trading day's close of $34.33. Other company's within the Banking industry that declined today were: OptimumBank Holdings ( OPHC), down 34.8%, Plumas Bancorp ( PLBC), down 13.6%, WSB Holdings ( WSB), down 12.7%, and First Financial Service Corporation ( FFKY), down 11.5%.

HDFC Bank Limited provides banking and financial services to individuals and businesses in India. The company offers savings, current, and demat accounts, as well as accepts fixed and recurring deposits. HDFC Bank has a market cap of $26.81 billion and is part of the financial sector. The company has a P/E ratio of 29.4, above the average banking industry P/E ratio of 26.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 30.5% year to date as of the close of trading on Monday. Currently there is one analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Central Bancorp ( CEBK), up 69.8%, Royal Bancshares of Pennsylvania ( RBPAA), up 23.1%, Carver Bancorp ( CARV), up 21.4%, and Annapolis Bancorp ( ANNB), up 18.4%, were all gainers within the banking industry with Citigroup ( C) being today's featured banking industry winner.

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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