HDFC Bank - HDB Stock Forecast, Price & News

HDFC Bank's stock was trading at $65.07 at the beginning of the year. Since then, HDB shares have decreased by 12.6% and is now trading at $56.85.
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HDFC Bank saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,690,000 shares, an increase of 30.9% from the August 31st total of 2,820,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is presently 2.6 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) released its quarterly earnings data 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 had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.27 billion. HDFC Bank had a net margin of 22.96% and a trailing twelve-month return on equity of 16.39%.

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 dividend yield of 0.8%. The ex-dividend date of this dividend 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 0.85%. The company does not yet have a strong track record of dividend growth. 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."

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 $56.85.

HDFC Bank (NYSE:HDB) has a market capitalization of $104.47 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.