ICICI Bank Limited (NYSE:IBN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.74 and traded as high as $34.03. ICICI Bank shares last traded at $33.80, with a volume of 4,423,944 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
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ICICI Bank Stock Down 1.7%
The company's 50 day moving average price is $33.03 and its two-hundred day moving average price is $30.78. 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 market cap of $119.85 billion, a PE ratio of 22.26, a PEG ratio of 1.53 and a beta of 0.62.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $280.01 billion. On average, equities research analysts expect that ICICI Bank Limited will post 1.53 EPS for the current fiscal year.
Institutional Investors Weigh In On ICICI Bank
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBN. First National Bank of Hutchinson boosted its position in shares of ICICI Bank by 3.0% in the first quarter. First National Bank of Hutchinson now owns 10,904 shares of the bank's stock worth $344,000 after purchasing an additional 319 shares during the period. LGT Group Foundation lifted its stake in shares of ICICI Bank by 0.6% during the 4th quarter. LGT Group Foundation now owns 54,566 shares of the bank's stock valued at $1,629,000 after buying an additional 344 shares in the last quarter. Wealthstream Advisors Inc. boosted its holdings in ICICI Bank by 3.5% in the 1st quarter. Wealthstream Advisors Inc. now owns 10,245 shares of the bank's stock worth $323,000 after buying an additional 344 shares during the period. AIA Group Ltd increased its stake in ICICI Bank by 0.3% in the 4th quarter. AIA Group Ltd now owns 124,258 shares of the bank's stock worth $3,710,000 after buying an additional 362 shares in the last quarter. Finally, Golden State Equity Partners increased its stake in ICICI Bank by 5.2% in the 1st quarter. Golden State Equity Partners now owns 7,360 shares of the bank's stock worth $232,000 after buying an additional 367 shares in the last quarter. 18.18% of the stock is owned by hedge funds and other 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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