Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.14 and last traded at $32.03, with a volume of 982379 shares changing hands. The stock had previously closed at $31.86.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
View Our Latest Stock Report on ICICI Bank
ICICI Bank Price Performance
The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average of $29.93 and a two-hundred day moving average of $29.82. The company has a market capitalization of $119.43 billion, a PE ratio of 22.21, a PEG ratio of 1.53 and a beta of 0.65.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its earnings results on Saturday, January 25th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. ICICI Bank had a net margin of 24.40% and a return on equity of 15.61%. Research analysts anticipate that ICICI Bank Limited will post 1.53 EPS for the current fiscal year.
Institutional Trading of ICICI Bank
Large investors have recently modified their holdings of the business. LGT Group Foundation grew its position in shares of ICICI Bank by 0.6% in the 4th quarter. LGT Group Foundation now owns 54,566 shares of the bank's stock worth $1,629,000 after buying an additional 344 shares during the last quarter. AIA Group Ltd boosted its holdings in ICICI Bank by 0.3% in the fourth quarter. AIA Group Ltd now owns 124,258 shares of the bank's stock valued at $3,710,000 after acquiring an additional 362 shares in the last quarter. Avestar Capital LLC increased its position in ICICI Bank by 4.1% during the 4th quarter. Avestar Capital LLC now owns 9,328 shares of the bank's stock valued at $279,000 after purchasing an additional 371 shares during the period. First Affirmative Financial Network lifted its position in shares of ICICI Bank by 4.4% in the 4th quarter. First Affirmative Financial Network now owns 9,106 shares of the bank's stock worth $272,000 after purchasing an additional 381 shares during the period. Finally, Tobam boosted its stake in shares of ICICI Bank by 1.3% during the 4th quarter. Tobam now owns 30,926 shares of the bank's stock valued at $923,000 after purchasing an additional 382 shares in the last quarter. 18.18% of the stock is owned by institutional investors.
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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