HDFC Bank (HDB) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HDFC Bank in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "strong buy" HDB shares.
View HDB analyst ratings or view top-rated stocks.

HDFC Bank's stock was trading at $68.41 at the start of the year. Since then, HDB shares have decreased by 14.5% and is now trading at $58.50.
View the best growth stocks for 2023 here.

HDFC Bank saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,350,000 shares, an increase of 53.0% from the August 15th total of 2,190,000 shares. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is presently 1.9 days.
View HDFC Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 16th 2023.
View our HDB earnings forecast.

HDFC Bank Limited (NYSE:HDB) issued its quarterly earnings results on Monday, July, 17th. The bank reported $0.80 earnings per share for the quarter. The bank earned $4.27 billion during the quarter, compared to the consensus estimate of $3.93 billion. HDFC Bank had a net margin of 22.03% and a trailing twelve-month return on equity of 17.31%.

HDFC Bank declared an annual dividend on Monday, April 17th. Shareholders of record on Monday, May 15th will be given a dividend of $0.5935 per share on Friday, May 12th. This represents a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 12th. This is an increase from the stock's previous annual dividend of $0.58.
Read our dividend analysis for HDB.

ETFs with the largest weight of HDFC Bank (NYSE:HDB) stock in their portfolio include Harbor International Compounders ETF (OSEA), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), Matthews Emerging Markets ex China Active ETF (MEMX), Global X Emerging Markets Great Consumer ETF (EMC), OneAscent Emerging Markets ETF (OAEM), Global X Emerging Markets ETF (EMM), Motley Fool Global Opportunities ETF (TMFG) and Emerge EMPWR Sustainable Global Core Equity ETF (EMZA).

HDFC Bank (NYSE:HDB) pays an annual dividend of $0.58 per share and currently has a dividend yield of 0.99%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HDB will have a dividend payout ratio of 17.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HDB.

28 employees have rated HDFC Bank Chief Executive Officer Sashidhar Jagdishan on Glassdoor.com. Sashidhar Jagdishan has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other HDFC Bank investors own include Alibaba Group (BABA), Tata Motors (TTM), NVIDIA (NVDA), Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), Visa (V), PayPal (PYPL) and Infosys (INFY).

HDFC Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "HDB."

HDFC Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.59%), Harding Loevner LP (0.50%), Fiera Capital Corp (0.49%), Schroder Investment Management Group (0.48%), Capital Research Global Investors (0.46%) and Sustainable Growth Advisers LP (0.36%).

Shares of HDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HDB stock can currently be purchased for approximately $58.50.

HDFC Bank (NYSE:HDB) has a market capitalization of $108.80 billion and generates $25.50 billion in revenue each year. The bank earns $6.03 billion in net income (profit) each year or $3.20 on an earnings per share basis.

The company employs 173,222 workers across the globe.

HDFC Bank's mailing address is Senapati Bapat Marg Lower Parel, Mumbai K7, 400013. The official website for the company is www.hdfcbank.com. The bank can be reached via phone at 912266521000, via email at shareholder.grievances@hdfcbank.com, or via fax at 91-22-2496-0737.