Federal Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FEDERALBNK, BSE:500469 Federal Bank Ltd.

Federal Bank Ltd.

26 Feb 2020

193.56

-0.01%

Analyst Meet Update

Buy: Federal Bank Ltd.

Prabhudas Lilladhar

FB hosted an analyst day showcasing its capabilities across product segments and laying the path ahead for the bank. FB rewinded back in time to show incrementally bank has been taking much higher market share across liability & asset segments with stress levels much below industry levels. Bank had earmarked a path to come back to +1% ROA mark which has been able to reach with operating leverage. Going ahead in next 2-3 years target of 1.25% ROA will be led by increasing share in high yielding assets, no large escalation in opex and maintained credit cost of 60bps. In our view...

Number of FII/FPI investors increased from 450 to 491 in Jun 2025 qtr.

Federal Bank Ltd.

07 Feb 2020

193.56

-0.01%

Model Trading Portfolio - Federal Bank Ltd

Federal Bank Ltd.

Edelweiss

Federal Bankis a Private Sector, scheduled commercial bank in India, headquartered inKochi.

Axis Direct increased Buy price target of Federal Bank Ltd. to 240.0 on 22 Aug, 2025.

Federal Bank Ltd.

30 Jan 2020

193.56

-0.01%

Asset quality outlook turning better; RoA expansion to drive re-rating

Buy: Federal Bank Ltd.

Motilal Oswal

30 January 2020 FB reported a sharp decline in net stressed loans to INR27b (~2.3% of loans v/s 4.0% in 3QFY18). It indicated that there is no residual stress in corporate accounts above INR1b. Also, retail/agri/ business banking are showing improving trends for the last two quarters. Overall, FB maintains a healthy coverage ratio of 66.2% (incl. TWO), which will facilitate controlled credit costs. credit cost of ~62bp over FY20-22. Loan growth moderated to 13% YoY, led by sluggish trends in corporate/commercial banking and repayments/write-offs in some large-value accounts. However, retail loans continued growing strongly at 23% YoY. Within retail, the housing and mortgage segments grew robustly by 21% and 28% YoY, respectively. Overall, we believe that FB is taking a cautious approach in building the loan mix toward high-rated corporate and secured retail loan portfolio. We thus estimate loan growth CAGR of 17% over FY20-22.

Axis Direct increased Buy price target of Federal Bank Ltd. to 240.0 on 22 Aug, 2025.

Federal Bank Ltd.

21 Jan 2020

193.56

-0.01%

Federal Bank (3QFY20): Remains inexpensive. Maintain BUY

Buy: Federal Bank Ltd.

Target

HDFC Securities

FB's operating performance was lacklustre on various fronts i.e. growth, NIMs, fees and oplev. While the headline slippages were higher, the silver lining was these were largely driven by known-stress in the corp book, and granular slippages were contained. At 1.1xFY22E ABV, valuations are cheap and at a considerable discount to some of its peers'. We watch for the sustainability of current asset quality trends. Updates on the extension of the incumbent MD&CEO's term will be watched for. FBs (PPOP) was in line with our estimates, while lower than expected provisions resulted in an earnings beat. Headline stress was stable as the impact of higher slippages (from known stress, lumpy) was offset by higher WOs. With a TP of Rs 122 (1.5x Dec-21 ABV of Rs 82), we maintain BUY.

Federal Bank Ltd. has an average target of 225.77 from 12 brokers.

Federal Bank Ltd.

21 Jan 2020

193.56

-0.01%

Q3FY20 Result Review :Federal Bank

Buy: Federal Bank Ltd.

IDBI Capital

Federal Bank reported a decline in its credit growth at 13% YoY (vs 15% Q2FY20) due to settlement (Air India exposure Rs.2bn) and write off of accounts (~Rs.3bn). Net Interest Income grew by 7% YoY led by decline in NIMs, while PAT grew by 32% YoY due to corporate tax rate cut benefit and lower provisions (down 15% YoY). Operating profit grew by 5% YoY driven by a 18% growth in Non-Interest Income. GNPA% improved to 2.99% vs 3.07% however slippages remain elevated. NIMs remain stable sequentially at 3.0%, while cost to income ratio improved by 106bps QoQ to 52.4%. We revise down...

Number of FII/FPI investors increased from 450 to 491 in Jun 2025 qtr.

Federal Bank Ltd.

21 Jan 2020

193.56

-0.01%

Federal Bank - 3QFY20 Result Update

Buy: Federal Bank Ltd.

Reliance Securities

Improving Prospects; Challenges on NIM and PCR Remain Despite weak growth trends and higher corporate slippages, Federal Bank reported 32% YoY growth in PAT 3QFY20, partly benefitting from lower tax rates even as PBT was in-line with expectations. Annualised slippages at 2.2% was mainly led by higher corporate slippages. However, GNPA ratios declined by 8bps QoQ to 3.0% owing to higher write-offs. Loan growth moderated to 13% YoY against 15% in 2QFY20. Growth would have been ~15%, after adjusting for corporate slippages/loan settlements. Growth in fee income moderated to 11% YoY led by decline in TP distribution fee and forex gains over previous year. Margins at 3% continued to...

Axis Direct increased Buy price target of Federal Bank Ltd. to 240.0 on 22 Aug, 2025.

Federal Bank Ltd.

20 Jan 2020

193.56

-0.01%

Business growth moderates; asset quality outlook turning better RoA expansion to continue

Buy: Federal Bank Ltd.

Target

Motilal Oswal

20 January 2020 FB reported moderation in business growth due to the weak environment and higher repayments/stress account resolutions. Although slippages stood elevated, bulk of it came from the pre-disclosed watch-list, which resulted in an overall decline in stressed assets. We tweak our estimates marginally for FY21/22 and believe that the bank remains well positioned to deliver a continued improvement in RoA led by margin/cost improvements. Maintain PAT of INR4.4b (+32% YoY) came in higher than our estimate of INR3.9b as provisions were lower at INR1.6b (-36% QoQ) aided by lower charge on debit card loyalty points. NII growth moderated to 7% YoY (INR11.5b), affected by interest reversals of INR0.2b, while margins stood stable at 3%. PPoP stood at INR7.4b (+5% YoY). C/I ratio declined ~100bp QoQ to 52.4%. Loan growth moderated to 13% YoY, led by sluggish trends in corporate/commercial banking, while retail loans continued growing strongly at 23% YoY.

Federal Bank Ltd. is trading below all available SMAs

Federal Bank Ltd.

20 Jan 2020

193.56

-0.01%

Q3FY20 Result Update

Buy: Federal Bank Ltd.

Target

Prabhudas Lilladhar

Rs5.93bn led from two lumpy known corporate accounts. The core performance momentum has slowed down as macro economic growth factors continue to affect this bank as well similar to peers, but lowered slippage rate in non-corporate if continues can be key driver of overall asset...

Axis Direct increased Buy price target of Federal Bank Ltd. to 240.0 on 22 Aug, 2025.

Federal Bank Ltd.

25 Nov 2019

193.56

-0.01%

Pick of the Week:25 Nov 2019

Buy: Federal Bank Ltd.

Target

Axis Direct

...

Federal Bank Ltd. has an average target of 225.77 from 12 brokers.

Federal Bank Ltd.

25 Oct 2019

193.56

-0.01%

Result Update:Federal Bank

Buy: Federal Bank Ltd.

Target

Axis Direct

Q2FY20 was a modest quarter for FB in terms of loan growth, NIM and asset quality. Other income and retail book growth provided support. Disappointment was largely on higher slippages at Rs 540cr mainly on higher corporate slippages skewed by one account of Rs 180cr to large group

Federal Bank Ltd. has an average target of 225.77 from 12 brokers.

Is Federal Bank Ltd. worth buying?

1183 Votes:

Buy 82.33%

Sell 9.55%

Hold 8.11%

RESEARCH REPORTS

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Buy SEE REPORTS >

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