NYSE:HDBHDFC Bank Stock Price, Forecast & News

$45.38

-0.71 (-1.54 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$44.98

Now: $45.38▼

$46.22

50-Day Range

$35.87

MA: $40.05▼

$46.09

52-Week Range

$29.50

Now: $45.38▼

$65.89

Volume3.54 million shs

Average Volume4.13 million shs

Market Capitalization$82.39 billion

P/E Ratio22.52

Dividend Yield0.91%

Beta0.8

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits. The company also offers personal, business, home, consumer durable, car, two wheeler, gold, educational, rural, and term loans; loans for professionals; loans against property, securities, and assets; overdrafts; government sponsored programs; and working capital, healthcare, channel, short term, structured, dealer, and vendor finance, as well as agricultural lending. In addition, it provides credit, debit, and prepaid cards; private banking services; export, import, remittance, bank guarantees, and letter of credit services, as well as merchant and cash management services; life, health, motor, travel, and home insurance products; and investment products, such as mutual funds, equities and derivatives, IPOs, and bonds. Further, the company offers bill discounting, real time gross settlement, bankers to right/public issue, forex, money market, employees trusts, and tax collection services; and investment banking services in the areas of project appraisal, structured finance, loan syndication, debt capital markets, equity placement, mergers and acquisitions, corporate advisory, and capital market advisory services. Additionally, it provides correspondent banking, settlement, custodial, disbursement, clearing, and administrative and fiduciary support services, as well as online and mobile banking services. As of February 18, 2019, the company had 5,000 branches in India. HDFC Bank Limited was founded in 1994 and is based in Mumbai, India.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
HDFC Bank has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $128.63, HDFC Bank has a potential upside of 183.5% from its current price of $45.38.
Amount of Analyst Coverage
HDFC Bank has received no research coverage in the past 90 days.

2.8 Community Rank

Outperform Votes
HDFC Bank has received 419 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
HDFC Bank has received 334 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
HDFC Bank has received 55.64% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about HDFC Bank and other stocks. Vote “Outperform” if you believe HDB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HDB will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
HDFC Bank is a leading dividend payer. It pays a dividend yield of 0.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
HDFC Bank has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of HDFC Bank is 20.71 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, HDFC Bank will have a dividend payout ratio of 17.15 % next year. This indicates that HDFC Bank will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HDFC Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of HDFC Bank is held by insiders.
Percentage Held by Institutions
Only 18.13% of the stock of HDFC Bank is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for HDFC Bank are expected to grow by 26.46% in the coming year, from $1.89 to $2.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HDFC Bank is 22.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of HDFC Bank is 22.52, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 16.66.
Price to Earnings Growth Ratio
HDFC Bank has a PEG Ratio of 1.49. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
HDFC Bank has a P/B Ratio of 3.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.29 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:HDB

Previous Symbol

CUSIPN/A

CIK1144967

Webwww.hdfcbank.com

Phone91-22-6652-1000

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio22.52

Forward P/E Ratio24.01

P/E Growth1.49

Sales & Book Value

Annual Sales$19.07 billion

Price / Sales4.32

Cash Flow$1.83 per share

Price / Cash Flow24.80

Book Value$13.03 per share

Price / Book3.48

Profitability

EPS (Most Recent Fiscal Year)$1.98

Net Income$3.63 billion

Net Margins19.01%

Return on Equity15.15%

Return on Assets1.87%

Miscellaneous

Employees98,061

Outstanding Shares1,815,540,000

Market Cap$82.39 billion

Next Earnings Date7/17/2020 (Estimated)

OptionableOptionable

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HDFC Bank (NYSE:HDB) Frequently Asked Questions

How has HDFC Bank's stock been impacted by COVID-19 (Coronavirus)?

HDFC Bank's stock was trading at $48.39 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HDB stock has decreased by 6.2% and is now trading at $45.38. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of HDFC Bank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HDFC Bank in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for HDFC Bank.

When is HDFC Bank's next earnings date?

HDFC Bank is scheduled to release its next quarterly earnings announcement on Friday, July 17th 2020. View our earnings forecast for HDFC Bank.

How were HDFC Bank's earnings last quarter?

HDFC Bank Limited (NYSE:HDB) released its earnings results on Saturday, April, 18th. The bank reported $0.52 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.47 by $0.05. The bank earned $2.93 billion during the quarter. HDFC Bank had a net margin of 19.01% and a return on equity of 15.15%. View HDFC Bank's earnings history.

What price target have analysts set for HDB?

2 analysts have issued twelve-month price targets for HDFC Bank's stock. Their forecasts range from $128.63 to $128.63. On average, they anticipate HDFC Bank's share price to reach $128.63 in the next year. This suggests a possible upside of 183.5% from the stock's current price. View analysts' price targets for HDFC Bank.

Has HDFC Bank been receiving favorable news coverage?

News headlines about HDB stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. HDFC Bank earned a media sentiment score of -2.7 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutHDFC Bank.

Who are some of HDFC Bank's key competitors?

Some companies that are related to HDFC Bank include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Westpac Banking (WBK), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), Bank of Montreal (BMO), Boc Hong Kong (BHKLY), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY), HANG SENG BK LT/S (HSNGY), ICICI Bank (IBN) and Lloyds Banking Group (LYG). View all competitors.

What other stocks do shareholders of HDFC Bank own?

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

Who are HDFC Bank's key executives?

HDFC Bank's management team includes the following people:

Mr. Aditya Puri, MD & Director (Age 68)
Mr. Sashidhar Jagdishan, Chief Financial Officer (Age 54)
Mr. Kaizad Maneck Bharucha, Exec. Director (Age 54)
Mr. Rakesh K. Singh, Group Head of Investment Banking, Private Banking, Capital Markets and Financial Institutions (Age 49)
Mr. Munish Mittal, Chief Information Officer (Age 50)

What is HDFC Bank's stock symbol?

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

Who are HDFC Bank's major shareholders?

HDFC Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.93%), WCM Investment Management LLC (1.26%), Capital Research Global Investors (0.79%), Fiera Capital Corp (0.55%), Morgan Stanley (0.43%) and Fisher Asset Management LLC (0.37%).

Which institutional investors are selling HDFC Bank stock?

HDB stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Capital World Investors, BlackRock Inc., Hardman Johnston Global Advisors LLC, Alliancebernstein L.P., DSM Capital Partners LLC, Clearbridge Investments LLC, and Sands Capital Management LLC.

Which institutional investors are buying HDFC Bank stock?

HDB stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Invesco Ltd., Charles Lim Capital Ltd, Sustainable Growth Advisers LP, WCM Investment Management LLC, Assenagon Asset Management S.A., Impax Asset Management Group plc, and Coronation Fund Managers Ltd..

How do I buy shares of HDFC Bank?

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

What is HDFC Bank's stock price today?

One share of HDB stock can currently be purchased for approximately $45.38.

How big of a company is HDFC Bank?

HDFC Bank has a market capitalization of $82.39 billion and generates $19.07 billion in revenue each year. The bank earns $3.63 billion in net income (profit) each year or $1.98 on an earnings per share basis. HDFC Bank employs 98,061 workers across the globe.

What is HDFC Bank's official website?

The official website for HDFC Bank is www.hdfcbank.com.

How can I contact HDFC Bank?

HDFC Bank's mailing address is Senapati Bapat Marg Lower Parel, Mumbai K7, 400013. The bank can be reached via phone at 91-22-6652-1000 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff