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 0.5%. By the end of trading, HDFC Bank rose $0.52 (1.3%) to $40.83 on light volume. Throughout the day, 561,485 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1,195,800 shares. The stock ranged in a price between $39.71-$40.89 after having opened the day at $39.80 as compared to the previous trading day's close of $40.31. Other companies within the Banking industry that increased today were: Midsouth Bancorp ( MSL), up 4.8%, Mid Penn Bancorp ( MPB), up 4.1%, Broadway Financial ( BYFC), up 4.1% and ICICI Bank ( IBN), up 3.6%.

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 $32.1 billion and is part of the financial sector. The company has a P/E ratio of 27.4, above the S&P 500 P/E ratio of 17.7. Shares are up 17.0% 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 compelling growth in net income, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the negative front, China Commercial Credit ( CCCR), down 10.9%, Doral Financial ( DRL), down 9.9%, Carolina Trust Bank ( CART), down 6.5% and QC Holdings ( QCCO), down 6.4% , were all laggards within the banking industry with Citigroup ( C) 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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