ICICI Bank Limited (NYSE:IBN - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $30.02 and traded as high as $33.79. ICICI Bank shares last traded at $33.76, with a volume of 4,636,954 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
Read Our Latest Research Report on IBN
ICICI Bank Stock Up 2.0 %
The stock has a 50 day moving average price of $30.79 and a 200 day moving average price of $30.08. The company has a market cap of $121.72 billion, a P/E ratio of 22.64, a P/E/G ratio of 1.53 and a beta of 0.65. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. ICICI Bank had a net margin of 24.40% and a return on equity of 15.61%. The firm had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $280.01 billion. Research analysts expect that ICICI Bank Limited will post 1.53 earnings per share for the current fiscal year.
Institutional Trading of ICICI Bank
Large investors have recently added to or reduced their stakes in the business. LGT Group Foundation lifted its position 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 acquiring an additional 344 shares during the last quarter. AIA Group Ltd raised its position in shares of ICICI Bank by 0.3% during the fourth quarter. AIA Group Ltd now owns 124,258 shares of the bank's stock worth $3,710,000 after purchasing an additional 362 shares during the period. Golden State Equity Partners lifted its holdings in shares of ICICI Bank by 5.2% during the first quarter. Golden State Equity Partners now owns 7,360 shares of the bank's stock valued at $232,000 after purchasing an additional 367 shares during the last quarter. Avestar Capital LLC boosted its position in shares of ICICI Bank by 4.1% in 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. Finally, First Affirmative Financial Network increased its stake in 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 in the last quarter. 18.18% of the stock is currently 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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