Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $34.50 and last traded at $34.32, with a volume of 1890635 shares changing hands. The stock had previously closed at $34.35.
Analysts Set New Price Targets
Separately, Wall Street Zen raised ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
View Our Latest Analysis on ICICI Bank
ICICI Bank Stock Performance
The business's fifty day simple moving average is $32.78 and its 200-day simple moving average is $30.64. The firm has a market cap of $121.95 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $280.01 billion. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. As a group, sell-side analysts expect that ICICI Bank Limited will post 1.53 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC increased its position in shares of ICICI Bank by 1,253.4% during the first quarter. Cornerstone Planning Group LLC now owns 785 shares of the bank's stock valued at $26,000 after buying an additional 727 shares during the period. Wayfinding Financial LLC purchased a new position in ICICI Bank during the first quarter valued at $26,000. Kestra Investment Management LLC bought a new stake in shares of ICICI Bank during the 4th quarter valued at $29,000. Northwestern Mutual Wealth Management Co. grew its position in shares of ICICI Bank by 53.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,521 shares of the bank's stock worth $48,000 after buying an additional 528 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of ICICI Bank in the 1st quarter worth about $53,000. 18.18% of the stock is currently owned by institutional investors.
About ICICI Bank
(
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ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services.
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