ICICI Bank Limited (NYSE:IBN - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.41 and traded as high as $34.05. ICICI Bank shares last traded at $33.99, with a volume of 5,408,165 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded ICICI Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th.
Get Our Latest Research Report on IBN
ICICI Bank Stock Performance
The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $32.54 and a 200-day moving average price of $30.51. The firm has a market cap of $122.51 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $280.01 billion. ICICI Bank had a net margin of 24.40% and a return on equity of 15.61%. On average, analysts expect that ICICI Bank Limited will post 1.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in IBN. New Vernon Capital Holdings II LLC raised its stake in shares of ICICI Bank by 3,336.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 26,159,740 shares of the bank's stock worth $829,941,000 after buying an additional 25,398,509 shares in the last quarter. GQG Partners LLC boosted its stake in shares of ICICI Bank by 20.6% in the first quarter. GQG Partners LLC now owns 77,407,725 shares of the bank's stock valued at $2,439,891,000 after buying an additional 13,222,098 shares in the last quarter. Ninety One UK Ltd grew its holdings in ICICI Bank by 1,246.5% during the first quarter. Ninety One UK Ltd now owns 6,658,755 shares of the bank's stock worth $209,884,000 after acquiring an additional 6,164,232 shares during the period. White Oak Capital Partners Pte. Ltd. purchased a new position in ICICI Bank in the fourth quarter worth $155,148,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in ICICI Bank by 31,503.6% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,916,634 shares of the bank's stock worth $123,452,000 after acquiring an additional 3,904,241 shares in the last quarter. 18.18% of the stock is owned by hedge funds and other institutional investors.
ICICI Bank Company Profile
(
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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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