HDFC Bank Stock Price, News & Analysis (NYSE:HDB)

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 stock has decreased by 12.2% and is now trading at $60.04.
View the best growth stocks for 2023 here.

HDFC Bank saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 5,670,000 shares, an increase of 31.3% from the October 31st total of 4,320,000 shares. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is currently 2.6 days.
View HDFC Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024.
View our HDB earnings forecast.

HDFC Bank Limited (NYSE:HDB) issued its quarterly earnings results on Monday, October, 16th. The bank reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.35. The bank had revenue of $8.02 billion for the quarter. HDFC Bank had a net margin of 19.47% and a trailing twelve-month return on equity of 16.81%.

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 a positive change from the stock's previous annual dividend of $0.58.
Read our dividend analysis for HDB.

HDFC Bank (NYSE:HDB) pays an annual dividend of $0.58 per share and currently has a dividend yield of 0.98%. 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 17.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HDB will have a dividend payout ratio of 18.24% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (1.10%), Morgan Stanley (0.80%), Baillie Gifford & Co. (0.51%), Ameriprise Financial Inc. (0.47%), Schroder Investment Management Group (0.46%) and Fiera Capital Corp (0.45%).

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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