ICICI Bank (IBN) Stock Price, News & Analysis

Company Overview

ICICI Bank Limited is a leading private-sector bank in India. The bank was founded in 1955 under the guidance of The World Bank, the government of India, and India’s leading businessmen. The purpose of the bank was to provide financing for industrial projects and it held to that mission until the 1990s. Reforms of India’s financial sector allowed the bank to pursue other avenues including but not limited to consumer banking and loans.

Since then, the maturing of India’s market has allowed the company to expand even further. The company was incorporated as ICICI Bank as part of ICICI Group in 1994 and went on to become the first Asian bank outside of Japan to be listed on the NYSE. Over the years, the bank has merged with several subsidiaries of ICICI Group and with ICICI Group itself as it consolidated its position as a leading bank in India.

Today, ICICI Bank provides a broad array of banking products and financial services in India and internationally including personal and business banking as well as NRI, insurance products, and corporate services. The firm is headquartered in Mumbai and is the 5th largest bank in India with operations in 17 countries including the US, UK, Singapore, and Bahrain.

The company operates its Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Other segments through a network of branches, ATMs, and websites. The company listed 5,418 branches in 2022 and more than 13,340 ATMs as well. The company’s services can all be accessed by phone or through the network of nine websites as well as on mobile devices.

The company offers consumer products ranging from savings to checking as well as retirement and insurance products. The company’s loan products run from home, car, personal, and commercial business loans to loans for gold, loans against securities, collateral-free loans, and financing for importers/exporters, start-up businesses, and education. The bank is particularly strong with its Agri and rural business, farmer finance, and tractor loans.

Among the Other services the company provides are portfolio management, brokerage, foreign exchange, NRI banking (non-resident of India), and family wealth accounts. Business services include commercial and investment banking, access to capital markets, and an array of business finance products. In regard to the bank's health, its senior secured notes carry investment grade ratings from both major rating agencies.

ICICI Bank is committed to aiding India’s economic growth and development. The company operates the ICICI Foundation which works hard at improving financial literacy in an all-inclusive manner.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $30.28 to $30.56
• 50-Day Range: $27.59 to $30.44
• 52-Week Range: $21.89 to $30.56
• Volume: 4.79 million shs
• Average Volume: 5.48 million shs
• Market Capitalization: $107.08 billion
• P/E Ratio: 21.90
• Dividend Yield: 0.66%
• Price Target: N/A
• Consensus Rating: N/A

ICICI Bank Stock Analysis - MarketRank™

ICICI Bank scored higher than 46% of companies evaluated by MarketBeat, and ranked 675th out of 940 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for ICICI Bank.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.25%

Earnings Growth

Earnings for ICICI Bank are expected to grow by 13.25% in the coming year, from $1.51 to $1.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ICICI Bank is 21.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

Price to Earnings Ratio vs. Sector

The P/E ratio of ICICI Bank is 21.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.02.

Price to Earnings Growth Ratio

ICICI Bank has a PEG Ratio of 2.35. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

ICICI Bank has a P/B Ratio of 3.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.74% of the outstanding shares of ICICI Bank have been sold short.

Short Interest Ratio / Days to Cover

ICICI Bank has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in ICICI Bank has recently decreased by 1.18%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

ICICI Bank has a dividend yield of 0.68%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

ICICI Bank does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ICICI Bank is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ICICI Bank will have a dividend payout ratio of 11.70% next year. This indicates that ICICI Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.74% of the outstanding shares of ICICI Bank have been sold short.

Short Interest Ratio / Days to Cover

ICICI Bank has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in ICICI Bank has recently decreased by 1.18%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.05

News Sentiment

ICICI Bank has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for ICICI Bank this week, compared to 4 articles on an average week.

MarketBeat Follows

1 people have added ICICI Bank to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ICICI Bank insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 18.18% of the stock of ICICI Bank is held by institutions.

IBN Stock Analysis - Frequently Asked Questions

How have IBN shares performed this year?

ICICI Bank's stock was trading at $23.84 on January 1st, 2024. Since then, IBN shares have increased by 27.7% and is now trading at $30.44.
View the best growth stocks for 2024 here.

How were ICICI Bank's earnings last quarter?

ICICI Bank Limited (NYSE:IBN) announced its 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. The bank earned $3.18 billion during the quarter, compared to analysts' expectations of $3.05 billion. ICICI Bank had a net margin of 24.44% and a trailing twelve-month return on equity of 16.17%.

When did ICICI Bank's stock split?

ICICI Bank shares split on the morning of Tuesday, December 9th 2014. The 5-1 split was announced on Friday, January 1st 2100. The newly created shares were payable to shareholders after the market closes on Monday, December 8th 2014. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Does ICICI Bank have any subsidiaries?

The following companies are subsidiaries of ICICI Bank: ICICI Bank Canada, ICICI Bank UK PLC, ICICI Home Finance Company Limited, ICICI Lombard General Insurance Company, ICICI Lombard General Insurance Company Limited, ICICI Prudential Asset Management Company Limited, ICICI Prudential Life Insurance Company Limited, ICICI Securities Limited, and ICICI Securities Primary Dealership Limited.

Who are ICICI Bank's major shareholders?

Top institutional investors of ICICI Bank include Dimensional Fund Advisors LP (0.35%), Principal Financial Group Inc. (0.28%), Hsbc Holdings PLC (0.23%) and Driehaus Capital Management LLC (0.18%).

How do I buy shares of ICICI Bank?

Shares of IBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ICICI Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ICICI Bank investors own include Infosys (INFY), Tata Motors (TTM), Alibaba Group (BABA), Bank of America (BAC), Ford Motor (F), HDFC Bank (HDB) and General Electric (GE).

Company Calendar

• Last Earnings: 7/27/2024
• Ex-Dividend for 8/12 Dividend: 8/12/2024
• Dividend Payable: 8/12/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Commercial banks, not elsewhere classified
• Sub-Industry: Banking
• Current Symbol: NYSE:IBN
• CUSIP: N/A
• CIK: 1103838
• Web: www.icicibank.com
• Phone: 912233667777
• Fax: 91-22-2653-1122
• Employees: 187,765
• Year Founded: 1994

Profitability

• EPS (Most Recent Fiscal Year): $1.39
• Trailing P/E Ratio: 21.90
• Forward P/E Ratio: 20.16
• P/E Growth: 2.35
• Net Income: $5.36 billion
• Net Margins: 24.44%
• Pretax Margin: 27.87%
• Return on Equity: 16.17%
• Return on Assets: 1.86%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 0.99
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $1.72 trillion
• Price / Sales: 0.06
• Cash Flow: $1.60 per share
• Price / Cash Flow: 19.07
• Book Value: $9.30 per share
• Price / Book: 3.27

Miscellaneous

• Outstanding Shares: 3,517,881,000
• Free Float: N/A
• Market Cap: $107.08 billion
• Optionable: Optionable
• Beta: 1.03