HDFC Bank Stock Forecast, Price & News

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HDFC Bank saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,070,000 shares, a decline of 42.8% from the June 30th total of 5,370,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 2.3 days.
View HDFC Bank's Short Interest.

HDFC Bank is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for HDFC Bank.

HDFC Bank Limited (NYSE:HDB) posted its quarterly earnings results on Sunday, July, 18th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. HDFC Bank had a trailing twelve-month return on equity of 15.71% and a net margin of 20.64%.
View HDFC Bank's earnings history.

HDFC Bank's stock was trading at $48.39 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HDB stock has increased by 45.8% and is now trading at $70.57.
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HDFC Bank announced an annual dividend on Friday, June 18th. Investors of record on Tuesday, June 29th will be paid a dividend of $0.214 per share on Tuesday, June 29th. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, June 28th.
View HDFC Bank's dividend history.

HDFC Bank pays an annual dividend of $0.21 per share and currently has a dividend yield of 0.30%. The dividend payout ratio of HDFC Bank is 9.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HDFC Bank will have a dividend payout ratio of 6.36% next year. This indicates that HDFC Bank will be able to sustain or increase its dividend.
View HDFC Bank's dividend history.

28 employees have rated HDFC Bank CEO Sashidhar Jagdishan on Glassdoor.com. Sashidhar Jagdishan has an approval rating of 88% among HDFC Bank's employees.

Some companies that are related to HDFC Bank include Royal Bank of Canada (RY), Commonwealth Bank of Australia (CMWAY), The Toronto-Dominion Bank (TD), BNP Paribas (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Bank of Montreal (BMO), ICICI Bank (IBN), Banco Santander (SAN), Australia and New Zealand Banking Group (ANZBY), Canadian Imperial Bank of Commerce (CM), ING Groep (ING), Nordea Bank Abp (NRDBY), Sumitomo Mitsui Financial Group (SMFG) and Lloyds Banking Group (LYG).
View all of HDB's competitors.

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), The 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 variety of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.29%), Sarasin & Partners LLP (0.12%), Coronation Fund Managers Ltd. (0.07%), Alliancebernstein L.P. (0.06%), Intermede Investment Partners Ltd (0.04%) and Genesis Investment Management LLP (0.02%).

HDB stock was sold by a variety of institutional investors in the last quarter, including GSB Wealth Management LLC, Fisher Asset Management LLC, Genesis Investment Management LLP, Personal CFO Solutions LLC, MAI Capital Management, Veriti Management LLC, Altfest L J & Co. Inc., and IFP Advisors Inc.

HDB stock was bought by a variety of institutional investors in the last quarter, including Sarasin & Partners LLP, Intermede Investment Partners Ltd, Coronation Fund Managers Ltd., Alliancebernstein L.P., Calamos Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , DAVENPORT & Co LLC, and Veritas Asset Management LLP.

Shares of HDB 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 $70.57.

HDFC Bank has a market capitalization of $128.99 billion and generates $21.00 billion in revenue each year. The bank earns $4.19 billion in net income (profit) each year or $2.33 on an earnings per share basis.

HDFC Bank employs 116,971 workers across the globe.

HDFC Bank was founded in 1994.

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

HDFC Bank is headquartered at Senapati Bapat Marg Lower Parel, Mumbai K7, 400013.

HDFC Bank's mailing address is Senapati Bapat Marg Lower Parel, Mumbai K7, 400013. The bank can be reached via phone at 912266521000 or via email at [email protected]