HDFC Bank (NYSE:HDB – Get Free Report) released its earnings results on Monday. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.51 by $0.27, Yahoo Finance reports. The firm had revenue of $14.03 billion for the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%.
HDFC Bank Price Performance
NYSE:HDB opened at $60.45 on Tuesday. The stock has a market capitalization of $112.43 billion, a PE ratio of 18.64, a P/E/G ratio of 1.27 and a beta of 0.92. HDFC Bank has a 1-year low of $52.16 and a 1-year high of $71.39. The firm has a fifty day simple moving average of $60.31 and a 200 day simple moving average of $58.02. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78.
HDFC Bank Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, May 8th. Stockholders of record on Thursday, May 9th were paid a dividend of $0.7008 per share. The ex-dividend date was Wednesday, May 8th. This represents a dividend yield of 1%. This is a boost from HDFC Bank’s previous annual dividend of $0.59. HDFC Bank’s dividend payout ratio is currently 18.40%.
Analyst Ratings Changes
Get Our Latest Stock Report on HDB
HDFC Bank Company Profile
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.
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