ICICI Bank Limited (NYSE:IBN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.
Analyst Upgrades and Downgrades
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.
View Our Latest Stock Analysis on ICICI Bank
ICICI Bank Trading Down 1.4%
The company's fifty day simple moving average is $33.30 and its two-hundred day simple moving average is $30.87. 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 company has a market capitalization of $117.83 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. ICICI Bank had a net margin of 24.40% and a return on equity of 15.61%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $280.01 billion. Research analysts forecast that ICICI Bank Limited will post 1.53 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ICICI Bank
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Savant Capital LLC bought a new position in ICICI Bank in the fourth quarter valued at $224,000. Avestar Capital LLC boosted its holdings in shares of ICICI Bank by 4.1% during the 4th quarter. Avestar Capital LLC now owns 9,328 shares of the bank's stock worth $279,000 after buying an additional 371 shares during the period. Banque Pictet & Cie SA boosted its holdings in shares of ICICI Bank by 16.5% during the 4th quarter. Banque Pictet & Cie SA now owns 11,276 shares of the bank's stock worth $337,000 after buying an additional 1,600 shares during the period. Principal Securities Inc. boosted its holdings in ICICI Bank by 8.8% in the 4th quarter. Principal Securities Inc. now owns 6,849 shares of the bank's stock valued at $205,000 after purchasing an additional 553 shares during the period. Finally, Sierra Ocean LLC bought a new stake in ICICI Bank in the 4th quarter valued at about $134,000. 18.18% of the stock is currently 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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