ICICI Bank Limited (NYSE:IBN - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $30.87 and traded as high as $33.13. ICICI Bank shares last traded at $33.05, with a volume of 3,120,073 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
Get Our Latest Stock Analysis on IBN
ICICI Bank Stock Down 1.1%
The firm has a market cap of $117.26 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. The stock's 50 day moving average is $33.39 and its 200 day moving average is $30.90. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.67.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. ICICI Bank had a return on equity of 15.42% and a net margin of 24.62%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $280.01 billion. Analysts forecast that ICICI Bank Limited will post 1.53 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of ICICI Bank in the 4th quarter worth approximately $193,000. Ieq Capital LLC boosted its holdings in ICICI Bank by 9.5% during the fourth quarter. Ieq Capital LLC now owns 23,573 shares of the bank's stock worth $704,000 after buying an additional 2,047 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in ICICI Bank in the fourth quarter worth approximately $271,000. Principal Securities Inc. increased its holdings in shares of ICICI Bank by 8.8% in the fourth quarter. Principal Securities Inc. now owns 6,849 shares of the bank's stock valued at $205,000 after buying an additional 553 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of ICICI Bank during the 4th quarter valued at $29,000. 18.18% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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