ICICI Bank Limited (NYSE:IBN - Get Free Report) 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 traded.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th.
Get Our Latest Report on ICICI Bank
ICICI Bank Trading Up 1.1%
The business has a 50 day simple moving average of $33.03 and a 200-day simple moving average of $30.78. The stock has a market capitalization of $121.90 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.53 and a beta of 0.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01.
ICICI Bank (NYSE:IBN - Get Free Report) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 earnings per share for the quarter, beating 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 business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $280.01 billion. As a group, equities analysts expect that ICICI Bank Limited will post 1.53 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in ICICI Bank by 19.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,269,477 shares of the bank's stock worth $545,344,000 after purchasing an additional 2,947,508 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of ICICI Bank by 9.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,075 shares of the bank's stock valued at $838,000 after purchasing an additional 2,341 shares in the last quarter. abrdn plc boosted its position in shares of ICICI Bank by 125.9% during the fourth quarter. abrdn plc now owns 260,887 shares of the bank's stock worth $7,802,000 after buying an additional 145,410 shares during the period. Yousif Capital Management LLC grew its holdings in shares of ICICI Bank by 7.8% during the fourth quarter. Yousif Capital Management LLC now owns 57,679 shares of the bank's stock worth $1,722,000 after buying an additional 4,188 shares in the last quarter. Finally, Adero Partners LLC raised its position in ICICI Bank by 36.3% in the 4th quarter. Adero Partners LLC now owns 9,519 shares of the bank's stock valued at $284,000 after buying an additional 2,535 shares during the last quarter. Institutional investors and hedge funds own 18.18% of the company's stock.
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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