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Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
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Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NYSE:HDB

HDFC Bank (HDB) Stock Price, News & Analysis

$55.97
+0.32 (+0.58%)
(As of 03/28/2024 ET)
Today's Range
$55.50
$56.33
50-Day Range
$52.38
$57.00
52-Week Range
$52.16
$71.39
Volume
2.01 million shs
Average Volume
2.56 million shs
Market Capitalization
$104.10 billion
P/E Ratio
17.27
Dividend Yield
1.04%
Price Target
N/A

HDFC Bank MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.71% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of HDFC Bank in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.93%
From $2.72 to $2.99 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.97 out of 5 stars

Finance Sector

641st out of 849 stocks

Commercial Banks, Not Elsewhere Classified Industry

25th out of 27 stocks

HDB stock logo

About HDFC Bank Stock (NYSE:HDB)

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It 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, and overdrafts against fixed deposits. The company also provides personal, home, car, two-wheeler, business, doctor, educational, gold, consumer, and rural loans; loans against properties, securities, fixed deposits, 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 loans. In addition, it 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. Further, the company provides short term finance, bill discounting, structured finance, export credit, loan repayment, 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. It operates branches and automated teller machines in various cities/towns. The company was incorporated in 1994 and is headquartered in Mumbai, India.

HDB Stock Price History

HDB Stock News Headlines

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HDB Apr 2024 45.000 call
HDB HDFC Bank Limited
Why HDFC Bank's Share Price Is In The Red Today
HDFC Bank Ltd. ADR
See More Headlines
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Company Calendar

Last Earnings
1/16/2024
Today
3/29/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
4/15/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
173,222
Year Founded
1994

Profitability

Net Income
$6.03 billion
Pretax Margin
23.22%

Debt

Sales & Book Value

Annual Sales
$25.50 billion
Cash Flow
$3.41 per share
Book Value
$19.09 per share

Miscellaneous

Outstanding Shares
1,859,910,000
Free Float
1,841,315,000
Market Cap
$104.10 billion
Optionable
Optionable
Beta
0.87

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Key Executives

  • Mr. Sashidhar JagdishanMr. Sashidhar Jagdishan (Age 59)
    MD, CEO & Director
    Comp: $1.27M
  • Mr. Kaizad Maneck Bharucha (Age 59)
    Deputy MD & Director
    Comp: $1.21M
  • Mr. Srinivasan Vaidyanathan (Age 60)
    Chief Financial Officer
    Comp: $364.3k
  • Mr. Bhavesh Chandulal Zaveri (Age 58)
    Group Head of Operations, ATM, Cash Management Product & Executive Director
  • Mr. Rakesh K. Singh (Age 54)
    Group Head of Investment Banking, Private Banking, Marketing & Products
  • Mr. Ramesh Lakshminarayanan (Age 53)
    Chief Information Officer & Group Head of IT
  • Ms. Ashima Khanna Bhat (Age 53)
    Group Head of Business Finance & Strategy, Administration, Infrastructure, ESG & CSR
  • Mr. Ajit Subhas Shetty
    Investor Relations Officer
  • Mr. Santosh G. Haldankar
    Senior VP of Legal & Company Secretary
  • Mr. Rakesh Kumar Rajput
    Chief Compliance Officer

Should I Buy HDFC Bank Stock? HDB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in HDFC Bank Limited:

  • HDFC Bank Limited operates in multiple segments including Wholesale Banking, Retail Banking, and Treasury Services, providing diversified revenue streams and reducing risk exposure.
  • The company offers a wide range of banking and financial services to individuals and businesses in various countries, showcasing a strong international presence and potential for global growth.
  • HDFC Bank Limited provides a variety of loan products catering to different needs such as personal, home, car, business, and rural loans, diversifying its revenue sources and customer base.
  • The bank offers a comprehensive suite of payment and collection services, insurance, and investment products, enhancing customer engagement and loyalty.
  • Recent stock price movements indicate a positive trend, reflecting investor confidence and potential for capital appreciation.

Cons

Investors should be bearish about investing in HDFC Bank Limited for these reasons:

  • The banking industry is subject to regulatory changes and economic fluctuations, impacting the profitability and stability of financial institutions like HDFC Bank Limited.
  • Intense competition in the banking sector may pressure margins and limit the bank's ability to attract and retain customers, affecting long-term growth prospects.
  • Market volatility and geopolitical risks in the regions where HDFC Bank Limited operates could pose challenges to its operations and financial performance.
  • Changes in interest rates and currency exchange rates may impact the bank's profitability and asset quality, leading to potential risks for investors.
  • Investors should carefully monitor the bank's exposure to different sectors and asset classes to assess potential risks and vulnerabilities in its balance sheet.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these HDFC Bank pros and cons to contact@marketbeat.com.

HDB Stock Analysis - Frequently Asked Questions

Should I buy or sell HDFC Bank stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HDFC Bank in the last twelve months. There are currently 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "strong buy" HDB shares.
View HDB analyst ratings
or view top-rated stocks.

How have HDB shares performed in 2024?

HDFC Bank's stock was trading at $67.11 at the beginning of 2024. Since then, HDB shares have decreased by 16.6% and is now trading at $55.97.
View the best growth stocks for 2024 here
.

Are investors shorting HDFC Bank?

HDFC Bank saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 8,800,000 shares, an increase of 24.8% from the February 14th total of 7,050,000 shares. Based on an average daily trading volume, of 3,600,000 shares, the short-interest ratio is presently 2.4 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 Monday, April 15th 2024.
View our HDB earnings forecast
.

How were HDFC Bank's earnings last quarter?

HDFC Bank Limited (NYSE:HDB) released its quarterly earnings results on Tuesday, January, 16th. The bank reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.11. The bank had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $5.67 billion. HDFC Bank had a net margin of 17.34% and a trailing twelve-month return on equity of 15.98%.

How often does HDFC Bank pay dividends? What is the dividend yield for HDFC Bank?

HDFC Bank announced an annual dividend on Monday, April 17th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.5935 per share on Friday, May 12th. This represents a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 12th. This is an increase from the stock's previous annual dividend of $0.58.
Read our dividend analysis for HDB
.

Is HDFC Bank a good dividend stock?

HDFC Bank (NYSE:HDB) pays an annual dividend of $0.58 per share and currently has a dividend yield of 1.07%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HDB will have a dividend payout ratio of 19.40% 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).

Who are HDFC Bank's major shareholders?

HDFC Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FIL Ltd (0.73%), Viking Global Investors LP (0.52%), Baillie Gifford & Co. (0.52%), Harding Loevner LP (0.51%), Schroder Investment Management Group (0.47%) and Fiera Capital Corp (0.42%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HDB) was last updated on 3/29/2024 by MarketBeat.com Staff

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