Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $34.14 and last traded at $33.54, with a volume of 7279987 shares trading hands. The stock had previously closed at $33.22.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th.
Check Out Our Latest Research Report on IBN
ICICI Bank Stock Performance
The stock has a market capitalization of $118.26 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.53 and a beta of 0.65. The stock's 50 day moving average price is $30.38 and its 200-day moving average price is $29.96. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70.
ICICI Bank (NYSE:IBN - Get Free Report) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $280.01 billion. As a group, equities research analysts expect that ICICI Bank Limited will post 1.53 earnings per share for the current year.
Institutional Trading of ICICI Bank
Institutional investors have recently modified their holdings of the company. Naviter Wealth LLC lifted its position in ICICI Bank by 1.5% during the first quarter. Naviter Wealth LLC now owns 57,834 shares of the bank's stock valued at $1,815,000 after acquiring an additional 840 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ICICI Bank by 2.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 625,362 shares of the bank's stock valued at $19,711,000 after purchasing an additional 16,360 shares during the last quarter. PDS Planning Inc boosted its position in shares of ICICI Bank by 19.8% in the 1st quarter. PDS Planning Inc now owns 29,077 shares of the bank's stock worth $917,000 after purchasing an additional 4,808 shares in the last quarter. Haven Global Partners LLC grew its stake in ICICI Bank by 17.7% during the 1st quarter. Haven Global Partners LLC now owns 576,436 shares of the bank's stock worth $18,169,000 after buying an additional 86,578 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in ICICI Bank by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,588,862 shares of the bank's stock valued at $491,361,000 after buying an additional 633,153 shares in the last quarter. 18.18% of the stock is currently owned by institutional investors.
ICICI Bank Company Profile
(
Get Free Report)
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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