Shares of ICICI Bank Limited (NYSE:IBN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.57 and traded as high as $34.44. ICICI Bank shares last traded at $34.36, with a volume of 4,279,709 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen raised ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
View Our Latest Research Report on ICICI Bank
ICICI Bank Stock Performance
The firm has a 50 day simple moving average of $32.78 and a 200-day simple moving average of $30.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $121.97 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.53 and a beta of 0.60.
ICICI Bank (NYSE:IBN - Get Free Report) last posted its earnings results on Saturday, April 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $280.01 billion. As a group, analysts predict that ICICI Bank Limited will post 1.53 EPS for the current fiscal year.
Institutional Investors Weigh In On ICICI Bank
Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake 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 buying an additional 2,341 shares in the last quarter. Adero Partners LLC grew its stake in shares of ICICI Bank by 36.3% in the fourth 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 in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of ICICI Bank in the fourth quarter valued at $82,000. Ninety One UK Ltd acquired a new stake in shares of ICICI Bank in the fourth quarter valued at $14,766,000. Finally, Calamos Advisors LLC acquired a new position in ICICI Bank during the 4th quarter worth $1,019,000. 18.18% of the stock is owned by institutional investors and hedge funds.
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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