HDFC Bank - HDB Stock Forecast, Price & News

HDFC Bank's stock was trading at $68.41 on January 1st, 2023. Since then, HDB shares have decreased by 7.3% and is now trading at $63.39.
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HDFC Bank saw a decline in short interest in February. As of February 15th, there was short interest totaling 3,120,000 shares, a decline of 7.7% from the January 31st total of 3,380,000 shares. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is currently 2.4 days.
View HDFC Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our HDB earnings forecast.

HDFC Bank Limited (NYSE:HDB) announced its earnings results on Saturday, January, 14th. The bank reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The bank had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.69 billion. HDFC Bank had a net margin of 22.90% and a trailing twelve-month return on equity of 16.86%.

HDFC Bank declared an annual dividend on Friday, July 22nd. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.5805 per share on Wednesday, July 27th. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, July 19th. This is a boost from the stock's previous annual dividend of $0.52.
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), OneAscent Emerging Markets ETF (OAEM), Motley Fool Global Opportunities ETF (TMFG), Emerge EMPWR Sustainable Global Core Equity ETF (EMZA), Columbia EM Core ex-China ETF (XCEM), JPMorgan Social Advancement ETF (UPWD) and AdvisorShares Dorsey Wright ADR ETF (AADR).

HDFC Bank (NYSE:HDB) pays an annual dividend of $0.49 per share and currently has a dividend yield of 0.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HDB will have a dividend payout ratio of 14.33% 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 institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.70%), Morgan Stanley (0.91%), Schroder Investment Management Group (0.58%), Fiera Capital Corp (0.51%), Jennison Associates LLC (0.36%) and American Century Companies Inc. (0.34%).

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 $63.39.

HDFC Bank (NYSE:HDB) has a market capitalization of $117.18 billion and generates $22.51 billion in revenue each year. The bank earns $5.09 billion in net income (profit) each year or $2.99 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.