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How to buy HDFC Bank (HDB) stocks in Canada
Learn how to easily invest in HDFC Bank stocks.
HDFC Bank is a banks-regional business based in the US. HDFC Bank stocks (HDB.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $72.32 – a decrease of 4.01% over the previous week. HDFC Bank employs 134,412 staff and has a trailing 12-month revenue of around $875.6 billion.
How to buy shares in HDFC Bank
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – HDB – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in HDFC Bank?
- Has coronavirus impacted HDFC Bank shares?
- HDFC Bank shares summary
- Compare share dealing platforms
- Is HDFC Bank stock a buy or sell?
- HDFC Bank performance over time
- Are HDFC Bank shares over-valued?
- HDFC Bank's financials
- How volatile are HDFC Bank shares?
- Does HDFC Bank pay a dividend?
- Have HDFC Bank shares ever split?
- Other common questions
HDFC Bank stock price (NYSE:HDB)Use our graph to track the performance of HDB stocks over time.
HDFC Bank shares at a glance
|Latest market close||$67.34|
|52-week range||$61.35 - $84.08|
|50-day moving average||$67.62|
|200-day moving average||$72.20|
|Wall St. target price||$93.43|
|Dividend yield||$6.5 (0.38%)|
|Earnings per share (TTM)||$0.44|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy HDFC Bank stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
HDFC Bank price performance over time
|1 week (2022-01-19)||-4.01%|
|1 month (2021-12-23)||6.47%|
|3 months (2021-10-26)||-11.04%|
|6 months (2021-07-26)||-4.31%|
|1 year (2021-01-26)||-7.50%|
|2 years (2020-01-24)||13.69%|
|3 years (2019-01-25)||99.14|
|5 years (2017-01-26)||69.74|
Is HDFC Bank under- or over-valued?
Valuing HDFC Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of HDFC Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
HDFC Bank's P/E ratio
HDFC Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 158x. In other words, HDFC Bank shares trade at around 158x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
HDFC Bank's PEG ratio
HDFC Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.97. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into HDFC Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
HDFC Bank financials
|Revenue TTM||$875.6 billion|
|Operating margin TTM||55.34%|
|Gross profit TTM||$778 billion|
|Return on assets TTM||1.95%|
|Return on equity TTM||16.47%|
|Market capitalisation||$127.4 billion|
TTM: trailing 12 months
HDFC Bank share dividends
Dividend payout ratio: 16.43% of net profits
Recently HDFC Bank has paid out, on average, around 16.43% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.38% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), HDFC Bank shareholders could enjoy a 0.38% return on their shares, in the form of dividend payments. In HDFC Bank's case, that would currently equate to about $6.5 per share.
While HDFC Bank's payout ratio might seem low, this can signify that HDFC Bank is investing more in its future growth.
HDFC Bank's most recent dividend payout was on 18 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 June 2021 (the "ex-dividend date").
Have HDFC Bank's shares ever split?
HDFC Bank's shares were split on a 2:1 basis on 25 September 2019. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your HDFC Bank shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for HDFC Bank shares which in turn could have impacted HDFC Bank's share price.
HDFC Bank share price volatility
Over the last 12 months, HDFC Bank's shares have ranged in value from as little as $61.35 up to $84.0816. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while HDFC Bank's is 0.8916. This would suggest that HDFC Bank's shares are less volatile than average (for this exchange).
HDFC Bank overview
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. In addition, 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; and insurance and investment products. Further, 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, 2021, it had 5,608 branches and 16,087 automated teller machines in 2,902 cities/towns.
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Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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