ICICI Bank Limited (NYSE:IBN - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.75 and traded as high as $31.99. ICICI Bank shares last traded at $31.87, with a volume of 5,807,327 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
Get Our Latest Research Report on IBN
ICICI Bank Trading Up 4.1 %
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 firm has a market cap of $118.48 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.53 and a beta of 0.65. The company's 50 day moving average price is $29.93 and its 200 day moving average price is $29.81.
ICICI Bank (NYSE:IBN - Get Free Report) last issued its quarterly earnings results on Saturday, January 25th. The bank reported $0.39 EPS for the quarter, beating 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%. As a group, analysts forecast that ICICI Bank Limited will post 1.53 EPS for the current fiscal year.
Hedge Funds Weigh In On ICICI Bank
Several hedge funds and other institutional investors have recently made changes to their positions in IBN. Kestra Investment Management LLC acquired a new position in ICICI Bank during the 4th quarter worth approximately $29,000. BOCHK Asset Management Ltd acquired a new stake in ICICI Bank in the fourth quarter valued at $42,000. Murphy & Mullick Capital Management Corp purchased a new stake in ICICI Bank during the 4th quarter worth about $76,000. Ameliora Wealth Management Ltd. purchased a new position in shares of ICICI Bank in the 4th quarter valued at about $82,000. Finally, TD Waterhouse Canada Inc. lifted its stake in ICICI Bank by 47.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,754 shares of the bank's stock worth $82,000 after purchasing an additional 886 shares during the last quarter. Hedge funds and other institutional investors own 18.18% of the company's stock.
About ICICI Bank
(
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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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