ICICI Bank Limited (NYSE:IBN - Get Free Report) was the target of unusually large options trading on Monday. Stock traders purchased 2,619 call options on the company. This is an increase of 108% compared to the typical volume of 1,259 call options.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised ICICI Bank from a "sell" rating to a "hold" rating in a research report on Thursday, September 5th.
Check Out Our Latest Analysis on IBN
ICICI Bank Stock Performance
Shares of ICICI Bank stock traded up $1.66 during trading hours on Monday, reaching $31.14. The company had a trading volume of 10,491,145 shares, compared to its average volume of 5,558,969. ICICI Bank has a one year low of $22.02 and a one year high of $31.60. The business has a fifty day simple moving average of $29.49 and a 200 day simple moving average of $28.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $109.69 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.
ICICI Bank (NYSE:IBN - Get Free Report) last posted its quarterly earnings results 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 will post 1.51 earnings per share for the current fiscal year.
ICICI Bank Increases Dividend
The business also recently declared an annual dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, January 1st were issued a $0.2028 dividend. This is a positive change from ICICI Bank's previous annual dividend of $0.11. This represents a dividend yield of 0.4%. The ex-dividend date was Monday, August 12th. ICICI Bank's dividend payout ratio (DPR) is presently 13.99%.
Institutional Investors Weigh In On ICICI Bank
Several large investors have recently added to or reduced their stakes in IBN. Asset Dedication LLC boosted its stake in ICICI Bank by 620.0% during the third quarter. Asset Dedication LLC now owns 1,008 shares of the bank's stock valued at $30,000 after buying an additional 868 shares during the period. Advisors Asset Management Inc. purchased a new stake in ICICI Bank during the first quarter valued at about $46,000. ORG Wealth Partners LLC purchased a new stake in ICICI Bank during the third quarter valued at about $50,000. Tsfg LLC purchased a new stake in ICICI Bank during the third quarter valued at about $53,000. Finally, ORG Partners LLC purchased a new stake in ICICI Bank during the first quarter valued at about $54,000. Institutional investors own 18.18% of the company's stock.
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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