ICICI Bank Limited (NYSE:IBN - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.69 and traded as high as $31.74. ICICI Bank shares last traded at $31.38, with a volume of 2,652,999 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
Check Out Our Latest Stock Report on ICICI Bank
ICICI Bank Trading Up 1.0 %
The stock has a market cap of $111.01 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.53 and a beta of 1.01. The business has a 50-day simple moving average of $29.19 and a two-hundred day simple moving average of $29.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings results on Saturday, January 25th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. ICICI Bank had a return on equity of 15.61% and a net margin of 24.40%. Equities analysts forecast that ICICI Bank Limited will post 1.53 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. GQG Partners LLC boosted its holdings in shares of ICICI Bank by 7.7% during the fourth quarter. GQG Partners LLC now owns 64,185,627 shares of the bank's stock worth $1,916,583,000 after acquiring an additional 4,573,778 shares during the period. Invesco Ltd. increased its position in ICICI Bank by 5.7% during the 4th quarter. Invesco Ltd. now owns 20,216,947 shares of the bank's stock worth $603,678,000 after buying an additional 1,087,816 shares during the period. FIL Ltd lifted its holdings in shares of ICICI Bank by 18.8% during the fourth quarter. FIL Ltd now owns 19,442,017 shares of the bank's stock worth $580,539,000 after buying an additional 3,071,174 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ICICI Bank by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 18,269,477 shares of the bank's stock worth $545,344,000 after buying an additional 2,947,508 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of ICICI Bank by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,180,081 shares of the bank's stock valued at $363,747,000 after acquiring an additional 304,866 shares in the last quarter. 18.18% of the stock is owned by institutional investors.
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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