ICICI Bank (NYSE:IBN) Hits New 12-Month High at $26.69

ICICI Bank Limited (NYSE:IBNGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $26.69 and last traded at $26.65, with a volume of 604142 shares changing hands. The stock had previously closed at $26.08.

ICICI Bank Stock Performance

The stock’s 50-day simple moving average is $25.58 and its 200 day simple moving average is $24.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $92.81 billion, a PE ratio of 19.73, a P/E/G ratio of 1.61 and a beta of 1.01.

ICICI Bank (NYSE:IBNGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. ICICI Bank had a net margin of 24.82% and a return on equity of 16.57%. The company had revenue of $5.18 billion for the quarter. As a group, research analysts expect that ICICI Bank Limited will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of ICICI Bank in the 3rd quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in shares of ICICI Bank in the 4th quarter valued at $33,000. FinTrust Capital Advisors LLC grew its position in shares of ICICI Bank by 66.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,709 shares of the bank’s stock valued at $37,000 after buying an additional 685 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of ICICI Bank by 114.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,060 shares of the bank’s stock valued at $39,000 after buying an additional 1,098 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of ICICI Bank in the 4th quarter valued at $43,000. 18.18% of the stock is 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.

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ICICI Bank (NYSE:IBN) Hits New 12-Month High at $26.69

ICICI Bank Limited (NYSE:IBNGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $26.69 and last traded at $26.65, with a volume of 604142 shares changing hands. The stock had previously closed at $26.08.

ICICI Bank Stock Performance

The stock’s 50-day simple moving average is $25.58 and its 200 day simple moving average is $24.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $92.81 billion, a PE ratio of 19.73, a P/E/G ratio of 1.61 and a beta of 1.01.

ICICI Bank (NYSE:IBNGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. ICICI Bank had a net margin of 24.82% and a return on equity of 16.57%. The company had revenue of $5.18 billion for the quarter. As a group, research analysts expect that ICICI Bank Limited will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of ICICI Bank in the 3rd quarter valued at $28,000. Rakuten Securities Inc. purchased a new position in shares of ICICI Bank in the 4th quarter valued at $33,000. FinTrust Capital Advisors LLC grew its position in shares of ICICI Bank by 66.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,709 shares of the bank’s stock valued at $37,000 after buying an additional 685 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of ICICI Bank by 114.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,060 shares of the bank’s stock valued at $39,000 after buying an additional 1,098 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of ICICI Bank in the 4th quarter valued at $43,000. 18.18% of the stock is 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.

Read More

Receive News & Ratings for ICICI Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank and related companies with MarketBeat.com's FREE daily email newsletter.