HDFC Bank - HDB Stock Forecast, Price & News

HDFC Bank's stock was trading at $65.07 at the beginning of 2022. Since then, HDB shares have decreased by 10.7% and is now trading at $58.08.
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HDFC Bank saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,820,000 shares, an increase of 13.7% from the August 15th total of 2,480,000 shares. Based on an average daily volume of 1,420,000 shares, the days-to-cover ratio is currently 2.0 days.
View HDFC Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our HDB earnings forecast.

HDFC Bank Limited (NYSE:HDB) posted its quarterly earnings results on Saturday, July, 16th. The bank reported $0.66 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.66. The bank earned $3.61 billion during the quarter, compared to analysts' expectations of $3.27 billion. HDFC Bank had a trailing twelve-month return on equity of 16.39% and a net margin of 22.96%.

HDFC Bank announced an annual dividend on Friday, July 22nd. Investors of record on Thursday, May 12th will be paid a dividend of $0.5805 per share on Wednesday, July 27th. This represents a yield of 0.8%. The ex-dividend date is Tuesday, July 19th. This is an increase from the stock's previous annual dividend of $0.52.
Read our dividend analysis for HDB.

HDFC Bank (NYSE:HDB) pays an annual dividend of $0.49 per share and currently has a dividend yield of 0.83%. The dividend payout ratio is 17.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HDB will have a dividend payout ratio of 13.88% 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 number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.80%), GQG Partners LLC (0.68%), Fiera Capital Corp (0.54%), FMR LLC (0.41%), Lazard Asset Management LLC (0.25%) and C WorldWide Group Holding A S (0.20%).

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 $58.08.

HDFC Bank (NYSE:HDB) has a market capitalization of $106.73 billion and generates $22.51 billion in revenue each year. The bank earns $5.09 billion in net income (profit) each year or $2.83 on an earnings per share basis.

The company employs 141,579 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.