Erste Group Bank Raises Earnings Estimates for ICICI Bank

Key Points

• Erste Group raised its FY2026 EPS estimate for ICICI Bank to $1.50 (from $1.48) and sees FY2027 EPS at $1.70, though its FY2026 view remains slightly below the $1.53 consensus.
• ICICI Bank reported quarterly EPS of $0.35, missing analyst expectations of $0.38, while posting a 14.17% return on equity and a 24.57% net margin.
• The stock trades around $27.50 with a market cap near $98.4 billion, and the consensus analyst rating is "Hold" after several recent downgrades.

ICICI Bank Limited (NYSE:IBN - Free Report) - Research analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for shares of ICICI Bank in a research report issued on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now forecasts that the bank will earn $1.50 per share for the year, up from their prior forecast of $1.48. The consensus estimate for ICICI Bank's current full-year earnings is $1.53 per share. Erste Group Bank also issued estimates for ICICI Bank's FY2027 earnings at $1.70 EPS.

ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). ICICI Bank had a return on equity of 14.17% and a net margin of 24.57%.The business had revenue of $8.53 billion for the quarter, compared to analysts' expectations of $3.41 billion.

Other research analysts have also issued reports about the company. Wall Street Zen lowered ICICI Bank from a "hold" rating to a "sell" rating in a research report on Saturday, December 27th. Weiss Ratings lowered ICICI Bank from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, ICICI Bank has an average rating of "Hold".

ICICI Bank Trading Down 0.1%

Shares of ICICI Bank stock opened at $27.50 on Friday. ICICI Bank has a fifty-two week low of $25.08 and a fifty-two week high of $34.56. The firm has a market cap of $98.43 billion, a PE ratio of 17.40, a P/E/G ratio of 1.30 and a beta of 0.47. The business's fifty day moving average is $28.57 and its two-hundred day moving average is $29.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IBN. Legacy Wealth Asset Management LLC increased its holdings in ICICI Bank by 0.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 73,184 shares of the bank's stock valued at $2,212,000 after purchasing an additional 676 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in ICICI Bank by 17.4% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 7,223 shares of the bank's stock valued at $222,000 after purchasing an additional 1,071 shares in the last quarter. Squarepoint Ops LLC increased its holdings in ICICI Bank by 243.1% in the 2nd quarter. Squarepoint Ops LLC now owns 85,532 shares of the bank's stock valued at $2,877,000 after purchasing an additional 60,603 shares in the last quarter. Balefire LLC increased its holdings in ICICI Bank by 1.4% in the 3rd quarter. Balefire LLC now owns 58,584 shares of the bank's stock valued at $1,771,000 after purchasing an additional 828 shares in the last quarter. Finally, Union Bancaire Privee UBP SA increased its holdings in ICICI Bank by 302.3% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 32,184 shares of the bank's stock valued at $975,000 after purchasing an additional 24,184 shares in the last quarter. 18.18% of the stock is owned by hedge funds and other institutional investors.

About ICICI Bank

ICICI Bank Limited is an Indian multinational banking and financial services company that provides a broad range of products and services to retail, corporate and institutional customers. The bank traces its origins to the Industrial Credit and Investment Corporation of India, founded in 1955, and was converted into a commercial bank during the 1990s as part of its evolution into a full-service financial institution. It is one of India's largest private-sector banks and is listed in the United States as an American depositary receipt under the ticker IBN.

The bank's core activities include retail banking (deposit accounts, consumer loans, mortgages, credit cards and payments), corporate and commercial banking (working capital, term lending, trade finance and cash management), and treasury operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.