ICICI Bank Limited (NYSE:IBN - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $31.60 and last traded at $31.28, with a volume of 871728 shares trading hands. The stock had previously closed at $31.15.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded ICICI Bank from a "sell" rating to a "hold" rating in a research report on Thursday, September 5th.
Check Out Our Latest Research Report on IBN
ICICI Bank Price Performance
The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a market cap of $110.14 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock has a 50-day moving average of $29.56 and a two-hundred day moving average of $28.30.
ICICI Bank (NYSE:IBN - Get Free Report) last announced its quarterly earnings data on Saturday, July 27th. The bank reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. ICICI Bank had a return on equity of 16.17% and a net margin of 24.44%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.05 billion. On average, analysts anticipate that ICICI Bank Limited will post 1.51 EPS for the current year.
ICICI Bank Increases Dividend
The company also recently declared an annual dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, January 1st were paid a dividend of $0.2028 per share. The ex-dividend date of this dividend was Monday, August 12th. This is an increase from ICICI Bank's previous annual dividend of $0.11. This represents a dividend yield of 0.4%. ICICI Bank's dividend payout ratio (DPR) is 13.61%.
Institutional Trading of ICICI Bank
Several institutional investors have recently modified their holdings of IBN. Allspring Global Investments Holdings LLC grew its holdings in shares of ICICI Bank by 1.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,138,932 shares of the bank's stock worth $30,079,000 after purchasing an additional 19,350 shares in the last quarter. Naviter Wealth LLC grew its holdings in shares of ICICI Bank by 15.2% during the 1st quarter. Naviter Wealth LLC now owns 52,914 shares of the bank's stock worth $1,397,000 after purchasing an additional 6,962 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of ICICI Bank by 3.4% during the 1st quarter. Sivia Capital Partners LLC now owns 19,515 shares of the bank's stock worth $515,000 after purchasing an additional 634 shares in the last quarter. Norden Group LLC acquired a new stake in ICICI Bank in the 1st quarter valued at $245,000. Finally, Legacy Wealth Asset Management LLC boosted its stake in ICICI Bank by 1.5% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 77,224 shares of the bank's stock valued at $2,039,000 after buying an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 18.18% of the company's stock.
ICICI Bank Company Profile
(
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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