ICICI Bank Limited (NYSE:IBN - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $34.21 and last traded at $34.18, with a volume of 1038920 shares. The stock had previously closed at $33.52.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th.
Get Our Latest Stock Report on IBN
ICICI Bank Price Performance
The stock has a market capitalization of $117.38 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day moving average of $31.27 and a 200-day moving average of $30.21.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate 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 fiscal year.
Institutional Investors Weigh In On ICICI Bank
A number of hedge funds have recently modified their holdings of IBN. Blue Trust Inc. boosted its holdings in shares of ICICI Bank by 23.6% during the 4th quarter. Blue Trust Inc. now owns 128,140 shares of the bank's stock valued at $3,825,000 after buying an additional 24,471 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of ICICI Bank in the 4th quarter worth approximately $207,000. DGS Capital Management LLC boosted its position in ICICI Bank by 21.0% in the fourth quarter. DGS Capital Management LLC now owns 8,281 shares of the bank's stock valued at $247,000 after buying an additional 1,440 shares during the last quarter. HB Wealth Management LLC raised its holdings in ICICI Bank by 13.2% in the 4th quarter. HB Wealth Management LLC now owns 7,876 shares of the bank's stock worth $235,000 after purchasing an additional 917 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of ICICI Bank by 10.4% in the fourth quarter. Inspire Investing LLC now owns 34,656 shares of the bank's stock valued at $1,035,000 after purchasing an additional 3,269 shares during the last quarter. Institutional investors own 18.18% of the company's stock.
About ICICI Bank
(
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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