HDFC Bank - HDB Stock Forecast, Price & News

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, rural, public provident fund, pension, and Demat accounts; fixed and recurring deposits; and safe deposit lockers; as well as offshore accounts and deposits, overdrafts against fixed deposits, and sweep-in facilities. It also provides personal, home, car, two wheeler, business, educational, gold, consumer, and rural loans; loans against properties, securities, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment and commercial vehicle finance, dealer finance, and term and professional loans. The company offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; insurance and investment products. It provides short term finance, bill discounting, structured finance, export credit, loan syndication, and documents collection services; online and wholesale, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; and channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. As of March 31, 2022, the company had 21,683 banking outlets; 6,342 branches; and 18,130 automated teller machines in 3,188 cities/towns. HDFC Bank Limited was incorporated in 1994 and is based in Mumbai, India.

HDFC Bank Stock Performance

HDB opened at $63.07 on Wednesday. The company has a market capitalization of $115.90 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 0.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.36 and a quick ratio of 0.36. HDFC Bank has a 1-year low of $50.61 and a 1-year high of $79.39. The business has a 50 day moving average price of $57.86 and a two-hundred day moving average price of $59.53.

HDFC Bank (NYSE:HDB - Get Rating) last announced its quarterly earnings data on Saturday, July 16th. The bank reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.27 billion. HDFC Bank had a return on equity of 16.39% and a net margin of 22.96%. Research analysts predict that HDFC Bank will post 2.98 EPS for the current fiscal year.

HDFC Bank Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, July 27th. Shareholders of record on Thursday, May 12th were given a dividend of $0.5805 per share. This represents a yield of 0.8%. This is an increase from HDFC Bank's previous annual dividend of $0.52. The ex-dividend date of this dividend was Tuesday, July 19th. HDFC Bank's dividend payout ratio is presently 17.31%.