NYSE:HDB

HDFC Bank - HDB Stock Forecast, Price & News

$58.97

-2.15 (-3.52%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $58.71
▼
$60.42
50-Day Range: $56.36
▼
$67.82
52-Week Range: $50.61
▼
$78.43

Volume: 3.02 million shs
Average Volume: 1.38 million shs
Market Capitalization: $108.36 billion

P/E Ratio: 20.84
Dividend Yield: 0.80%
Price Target: N/A

HDFC Bank MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.15% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.64
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.46%
From $2.98 to $3.53 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Finance Sector

493rd out of 887 stocks

Commercial Banks, Not Elsewhere Classified Industry

26th out of 38 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for HDFC Bank.

3.0

Short Interest

Percentage of Shares Shorted
0.15% of the outstanding shares of HDFC Bank have been sold short.
Short Interest Ratio / Days to Cover
HDFC Bank has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in HDFC Bank has recently increased by 13.71%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
HDFC Bank has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
HDFC Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of HDFC Bank is 17.31%. 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 13.88% next year. This indicates that HDFC Bank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HDB.

2.6

News and Social Media Coverage

News Sentiment
HDFC Bank has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for HDFC Bank this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 3 people have added HDFC Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -93% compared to the previous 30 days.

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 17.59% of the stock of HDFC Bank is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for HDFC Bank are expected to grow by 18.46% in the coming year, from $2.98 to $3.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HDFC Bank is 20.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of HDFC Bank is 20.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 164.01.
Price to Earnings Growth Ratio
HDFC Bank has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
HDFC Bank has a P/B Ratio of 3.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About HDFC Bank (NYSE:HDB) Stock

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.

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HDB Stock News Headlines

September 22, 2022 | msn.com

HDFC Bank signs pact with Refinitiv to expedite digital transformation

September 21, 2022 | sg.finance.yahoo.com

India's HDFC Bank signs multi-year data and technology deal with Refinitiv

September 21, 2022 | finance.yahoo.com

UPDATE 1-India's HDFC Bank signs multi-year data and technology deal with Refinitiv

September 21, 2022 | msn.com

Partnership between banks and fintechs is the way forward, says HDFC Bank’s Parag Rao

September 21, 2022 | msn.com

Stocks to track in trade for September 21: HDFC Bank, Wipro, Infosys, M&M, Zydus Lifesciences, ACC, Ambuja Cements

September 15, 2022 | msn.com

TCS topples HDFC Bank to become India’s most valuable brand

September 14, 2022 | msn.com

TCS overtakes HDFC Bank; is India’s most valuable brand

September 13, 2022 | msn.com

A Bullish Sign Appears On HDFC Bank's Chart

September 12, 2022 | msn.com

SBI and HDFC Bank lift Nifty Bank as credit growth in sector soars to 9-year high

September 11, 2022 | msn.com

Kaizad Bharucha of HDFC Bank buys Bandra home for Rs 35 crore

September 9, 2022 | msn.com

HDFC Bank raised interest rates on home, auto, personal loans: Know rates of each tenors

September 7, 2022 | msn.com

IndiGo, Bharti Airtel, HDFC Bank, Concor, Axis Bank, Adani group stocks in focus on weekly F&O expiry

September 6, 2022 | msn.com

HDFC Bank, SBI plan to raise Rs 10,000 crore through AT-1 bonds this week: Report

September 6, 2022 | nasdaq.com

ISNPY vs. HDB: Which Stock Is the Better Value Option?

August 31, 2022 | in.investing.com

After HDFC Bank, Axis Bank Considers 10% Stake in Insurer Go Digit Life

August 30, 2022 | msn.com

Credit card issuance at 6-month low but July spends up; HDFC Bank reigns supreme

August 26, 2022 | msn.com

HDFC Bank trades positive after Go Digit deal but Street cautious on banking pack

August 25, 2022 | msn.com

HDFC Bank to buy nearly 10% stake in Go Digit Life Insurance

August 25, 2022 | msn.com

HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance

August 24, 2022 | msn.com

HDFC Bank launches co-branded credit card with Tata Neu: Details here

August 24, 2022 | msn.com

Government employees asked to close all accounts in HDFC Bank, here’s why

August 22, 2022 | nasdaq.com

HDB Makes Notable Cross Below Critical Moving Average

August 19, 2022 | nasdaq.com

Interesting HDB Put And Call Options For April 2023

August 18, 2022 | msn.com

HDFC Bank FD interest rates up by 40 bps, check latest rates

August 13, 2022 | msn.com

HDFC Bank-HDFC merger gets competition regulator approval

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30 days | 90 days | 365 days | Advanced Chart

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HDB Company Calendar

Last Earnings: 7/16/2022
Ex-Dividend for 7/27 Dividend: 7/19/2022
Dividend Payable: 7/27/2022
Today: 9/25/2022
Next Earnings (Estimated): 10/21/2022
Fiscal Year End: 3/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:HDB
CUSIP: N/A
CIK: 1144967
Web: www.hdfcbank.com
Phone: 912266521000
Fax: 91-22-2496-0737
Employees: 141,579
Year Founded: 1994

Profitability

EPS (Most Recent Fiscal Year): $2.83
Trailing P/E Ratio: 20.84
Forward P/E Ratio: 19.79
P/E Growth: 0.95
Net Income: $5.09 billion
Net Margins: 22.96%
Pretax Margin: 30.74%
Return on Equity: 16.39%
Return on Assets: 1.95%

Debt

Debt-to-Equity Ratio: 0.84
Current Ratio: 0.36
Quick Ratio: 0.36

Sales & Book Value

Annual Sales: $22.51 billion
Price / Sales: 4.81
Cash Flow: $2.87 per share
Price / Cash Flow: 20.52
Book Value: $18.00 per share
Price / Book: 3.28

Miscellaneous

Outstanding Shares: 1,837,590,000
Free Float: 1,819,216,000
Market Cap: $108.36 billion
Optionable: Optionable
Beta: 0.80

Social Links

Key Executives

Mr. Sashidhar Jagdishan (Age 57)
MD, CEO & Director
Comp: $815.62k

Mr. Kaizad Maneck Bharucha (Age 57)
Exec. Director
Comp: $1.33M

Mr. Srinivasan Vaidyanathan (Age 58)
Chief Financial Officer

Mr. Bhavesh Chandulal Zaveri (Age 56)
Group Head of Operations, ATM & Cash Management Product

Mr. Rakesh K. Singh (Age 52)
Group Head of Investment Banking, Private Banking, Marketing & Products

Mr. Ramesh Lakshminarayanan (Age 50)
Chief Information Officer & Group Head of IT

Ms. Ashima Khanna Bhat (Age 51)
Group Head of Bus. Fin. & Strategy, Admin., Infrastructure, ESG & CSR

Mr. Ajit Subhas Shetty
Investor Relations Officer

Mr. Santosh G. Haldankar
Chief Compliance Officer, Sr. VP of Legal & Company Sec.

Ms. Madhu Chhibber
Head of Corp. Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HDB Stock - Frequently Asked Questions

How have HDB shares performed in 2022?: HDFC Bank's stock was trading at $65.07 on January 1st, 2022. Since then, HDB shares have decreased by 9.4% and is now trading at $58.97.
View the best growth stocks for 2022 here.
Are investors shorting HDFC Bank?: 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 presently 2.0 days.
View HDFC Bank's Short Interest.
When is HDFC Bank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our HDB earnings forecast.
How were HDFC Bank's earnings last quarter?: HDFC Bank Limited (NYSE:HDB) issued its earnings results on Saturday, July, 16th. The bank reported $0.66 EPS for the quarter, hitting analysts' consensus estimates of $0.66. The bank had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.27 billion. HDFC Bank had a trailing twelve-month return on equity of 16.39% and a net margin of 22.96%.
How often does HDFC Bank pay dividends? What is the dividend yield for HDFC Bank?: HDFC Bank declared an annual dividend on Friday, July 22nd. Shareholders of record on Thursday, May 12th will be given a dividend of $0.5805 per share on Wednesday, July 27th. This represents a 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.
Is HDFC Bank a good dividend stock?: HDFC Bank (NYSE:HDB) pays an annual dividend of $0.49 per share and currently has a dividend yield of 0.80%. 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.

What is Sashidhar Jagdishan's approval rating as HDFC Bank's CEO?: 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.
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 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).
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 shareholders 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%).
How do I buy shares of HDFC Bank?: 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.
Compare Top Brokerages Here.
What is HDFC Bank's stock price today?: One share of HDB stock can currently be purchased for approximately $58.97.
How much money does HDFC Bank make?: HDFC Bank (NYSE:HDB) has a market capitalization of $108.36 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.
How many employees does HDFC Bank have?: The company employs 141,579 workers across the globe.
How can I contact HDFC Bank?: 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.

This page (NYSE:HDB) was last updated on 9/25/2022 by MarketBeat.com Staff

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HDFC Bank - HDB Stock Forecast, Price & News

HDFC Bank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month