Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.75 and traded as high as $31.99. ICICI Bank shares last traded at $31.87, with a volume of 5,807,327 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of ICICI Bank from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th.
Read Our Latest Stock Report on IBN
ICICI Bank Trading Up 4.1 %
The company has a market cap of $118.48 billion, a P/E ratio of 22.04, a PEG ratio of 1.53 and a beta of 0.65. 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 firm's 50 day moving average is $29.93 and its two-hundred day moving average is $29.82.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings results on Saturday, January 25th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. As a group, equities research analysts anticipate that ICICI Bank Limited will post 1.53 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in ICICI Bank during the fourth quarter worth $29,000. BOCHK Asset Management Ltd acquired a new stake in ICICI Bank during the 4th quarter worth about $42,000. Murphy & Mullick Capital Management Corp bought a new position in shares of ICICI Bank in the 4th quarter worth about $76,000. Ameliora Wealth Management Ltd. acquired a new position in shares of ICICI Bank in the 4th quarter valued at about $82,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of ICICI Bank by 47.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,754 shares of the bank's stock valued at $82,000 after purchasing an additional 886 shares in the last quarter. Institutional investors and hedge funds own 18.18% of the company's stock.
ICICI Bank Company Profile
(
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.
Recommended Stories
Before you consider ICICI Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICICI Bank wasn't on the list.
While ICICI Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
