ICICI Bank (NYSE:IBN) Shares Pass Above Two Hundred Day Moving Average of $24.15

ICICI Bank Limited (NYSE:IBN)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.15 and traded as high as $25.61. ICICI Bank shares last traded at $25.49, with a volume of 4,823,603 shares.

ICICI Bank Stock Down 0.3 %

The stock’s fifty day moving average is $25.68 and its two-hundred day moving average is $24.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a market cap of $89.48 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

ICICI Bank (NYSE:IBN) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $5.18 billion for the quarter. ICICI Bank had a net margin of 24.82% and a return on equity of 16.57%. As a group, research analysts anticipate that ICICI Bank Limited will post 1.38 earnings per share for the current year.

Hedge Funds Weigh In On ICICI Bank

A number of institutional investors have recently made changes to their positions in IBN. Cambridge Investment Research Advisors Inc. bought a new position in shares of ICICI Bank in the 1st quarter worth $336,000. HighTower Advisors LLC boosted its stake in shares of ICICI Bank by 9.5% in the 1st quarter. HighTower Advisors LLC now owns 48,800 shares of the bank’s stock valued at $920,000 after purchasing an additional 4,238 shares in the last quarter. BlackRock Inc. boosted its stake in shares of ICICI Bank by 6.4% in the 1st quarter. BlackRock Inc. now owns 9,277,406 shares of the bank’s stock valued at $175,714,000 after purchasing an additional 557,611 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of ICICI Bank by 7.1% in the 1st quarter. Vontobel Holding Ltd. now owns 33,094 shares of the bank’s stock valued at $627,000 after purchasing an additional 2,204 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of ICICI Bank by 5.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 235,117 shares of the bank’s stock valued at $4,453,000 after purchasing an additional 11,169 shares in the last quarter. Institutional investors own 18.18% of the company’s stock.

About ICICI Bank

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.