ICICI Bank Limited (NYSE:IBN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.74 and traded as high as $30.71. ICICI Bank shares last traded at $30.30, with a volume of 8,398,633 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th.
View Our Latest Analysis on IBN
ICICI Bank Stock Up 1.5 %
The firm's 50-day moving average price is $29.58 and its 200-day moving average price is $29.73. 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 company has a market cap of $110.47 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.65.
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 for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. ICICI Bank had a net margin of 24.40% and a return on equity of 15.61%. Sell-side 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
Several hedge funds have recently modified their holdings of IBN. GQG Partners LLC raised its stake 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 valued at $1,916,583,000 after purchasing an additional 4,573,778 shares during the period. Invesco Ltd. grew its holdings in ICICI Bank by 5.7% during the 4th quarter. Invesco Ltd. now owns 20,216,947 shares of the bank's stock valued at $603,678,000 after purchasing an additional 1,087,816 shares in the last quarter. FIL Ltd increased its stake in ICICI Bank by 18.8% during the 4th 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 during the period. JPMorgan Chase & Co. lifted its holdings in ICICI Bank by 19.2% in the 3rd 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 boosted its position in ICICI Bank by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,180,081 shares of the bank's stock valued at $363,747,000 after buying an additional 304,866 shares during the last quarter. 18.18% of the stock is currently owned by hedge funds and other 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.
Further Reading
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