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

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 0.6%. By the end of trading, HDFC Bank rose $1.47 (4.6%) to $33.34 on heavy volume. Throughout the day, 1,932,842 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1,000,000 shares. The stock ranged in a price between $32.68-$33.48 after having opened the day at $32.74 as compared to the previous trading day's close of $31.87. Other companies within the Banking industry that increased today were: Carolina Trust Bank ( CART), up 13.8%, Ohio Valley Banc Corporation ( OVBC), up 5.8%, LSB Financial Corporation ( LSBI), up 5.4% and Community Bank Shares of Indiana ( CBIN), up 5.4%.

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 $25.9 billion and is part of the financial sector. Shares are down 20.1% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and 1 rates 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, Porter Bancorp ( PBIB), down 7.8%, First Capital Bancorp ( FCVA), down 6.2%, New Century Bancorp ( NCBC), down 5.7% and Ames National ( ATLO), down 4.6% , were all laggards within the banking industry with BB&T ( BBT) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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