ICICI Bank Limited (NYSE:IBN - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $31.97, but opened at $32.90. ICICI Bank shares last traded at $33.14, with a volume of 1,203,945 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th.
View Our Latest Stock Analysis on IBN
ICICI Bank Stock Performance
The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm's 50 day moving average price is $30.02 and its 200-day moving average price is $29.85. The firm has a market capitalization of $121.11 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.53 and a beta of 0.65.
ICICI Bank (NYSE:IBN - Get Free Report) last posted its quarterly earnings results on Saturday, January 25th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. ICICI Bank had a net margin of 24.40% and a return on equity of 15.61%. On average, research analysts expect that ICICI Bank Limited will post 1.53 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in ICICI Bank in the fourth quarter valued at $29,000. BOCHK Asset Management Ltd purchased a new stake in shares of ICICI Bank during the 4th quarter worth $42,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of ICICI Bank in the 4th quarter valued at about $76,000. Ameliora Wealth Management Ltd. purchased a new stake in ICICI Bank during the fourth quarter worth about $82,000. Finally, TD Waterhouse Canada Inc. increased its holdings in ICICI Bank by 47.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,754 shares of the bank's stock valued at $82,000 after buying 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.
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