ICICI Bank - IBN Stock Forecast, Price & News

ICICI Bank's stock was trading at $21.89 at the beginning of the year. Since then, IBN shares have decreased by 8.1% and is now trading at $20.11.
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ICICI Bank saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 24,450,000 shares, a decline of 7.4% from the December 31st total of 26,390,000 shares. Based on an average daily trading volume, of 8,160,000 shares, the short-interest ratio is presently 3.0 days.
View ICICI Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our IBN earnings forecast.

ICICI Bank Limited (NYSE:IBN) issued its quarterly earnings results on Saturday, January, 21st. The bank reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The bank earned $3.20 billion during the quarter, compared to analysts' expectations of $2.58 billion. ICICI Bank had a net margin of 22.23% and a trailing twelve-month return on equity of 15.14%.

ICICI Bank declared an annual dividend on Wednesday, July 13th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.112 per share on Wednesday, August 10th. This represents a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, August 9th.
Read our dividend analysis for IBN.

ICICI Bank (NYSE:IBN) pays an annual dividend of $0.11 per share and currently has a dividend yield of 0.56%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBN will have a dividend payout ratio of 8.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBN.

ICICI Bank shares split before market open on Tuesday, December 9th 2014. The 5-1 split was announced on Friday, January 1st 2100. The newly created shares were distributed to shareholders after the market closes on Monday, December 8th 2014. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

1,313 employees have rated ICICI Bank Chief Executive Officer Sandeep Bakhshi on Glassdoor.com. Sandeep Bakhshi has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ICICI Bank investors own include Infosys (INFY), Tata Motors (TTM), Alibaba Group (BABA), Bank of America (BAC), Ford Motor (F), HDFC Bank (HDB), General Electric (GE), Tesla (TSLA), Walt Disney (DIS) and Netflix (NFLX).

ICICI Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBN."

ICICI Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (0.21%), Assenagon Asset Management S.A. (0.10%), Pendal Group Ltd (0.07%), Natixis Advisors L.P. (0.04%), Allspring Global Investments Holdings LLC (0.04%) and Genesis Investment Management LLP (0.03%).

Shares of IBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IBN stock can currently be purchased for approximately $20.11.

ICICI Bank (NYSE:IBN) has a market capitalization of $70.16 billion and generates $14.08 billion in revenue each year. The bank earns $3.36 billion in net income (profit) each year or $1.08 on an earnings per share basis.

The company employs 130,542 workers across the globe.

ICICI Bank's mailing address is ICICI BANK TOWERS BANDRA-KURLA COMPLEX, MUMBAI K7, 400051. The official website for the company is www.icicibank.com. The bank can be reached via phone at 912233667777, via email at investors@infotech.icici.com, or via fax at 91-22-2653-1122.