ICICI Bank (NYSE:IBN) Shares Pass Above 200 Day Moving Average of $25.11

ICICI Bank Limited (NYSE:IBNGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.11 and traded as high as $26.78. ICICI Bank shares last traded at $26.75, with a volume of 3,814,911 shares traded.

ICICI Bank Stock Up 0.4 %

The stock has a 50-day moving average of $26.55 and a two-hundred day moving average of $25.11. The company has a market cap of $93.99 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.99 and a current ratio of 0.99.

ICICI Bank (NYSE:IBNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.97 billion. ICICI Bank had a return on equity of 16.47% and a net margin of 24.65%. On average, research analysts anticipate that ICICI Bank Limited will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On ICICI Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its position in ICICI Bank by 76.6% during the first quarter. Cetera Advisors LLC now owns 43,807 shares of the bank’s stock valued at $1,157,000 after acquiring an additional 19,007 shares during the last quarter. Cetera Investment Advisers increased its position in ICICI Bank by 178.5% during the first quarter. Cetera Investment Advisers now owns 75,496 shares of the bank’s stock valued at $1,994,000 after acquiring an additional 48,392 shares during the last quarter. Beck Bode LLC purchased a new stake in ICICI Bank during the first quarter valued at $439,000. Atria Investments Inc increased its position in ICICI Bank by 1.3% during the first quarter. Atria Investments Inc now owns 65,602 shares of the bank’s stock valued at $1,733,000 after acquiring an additional 848 shares during the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in ICICI Bank during the first quarter valued at $751,000. 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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