ICICI Bank (NYSE:IBN) Shares Gap Up to $25.77

ICICI Bank Limited (NYSE:IBNGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $25.77, but opened at $26.78. ICICI Bank shares last traded at $26.33, with a volume of 1,325,373 shares.

ICICI Bank Stock Performance

The company’s fifty day moving average is $26.61 and its 200 day moving average is $25.23. The company has a market capitalization of $93.04 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.20 and a beta of 1.03. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.77.

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 the consensus estimate of $0.37 by ($0.01). ICICI Bank had a net margin of 24.65% and a return on equity of 16.47%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.97 billion. As a group, equities analysts anticipate that ICICI Bank Limited will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Capital International Investors boosted its holdings in ICICI Bank by 11.5% in the 1st quarter. Capital International Investors now owns 20,827,332 shares of the bank’s stock valued at $550,050,000 after purchasing an additional 2,155,477 shares during the period. Schroder Investment Management Group boosted its holdings in ICICI Bank by 23.9% in the 3rd quarter. Schroder Investment Management Group now owns 15,217,088 shares of the bank’s stock valued at $351,819,000 after purchasing an additional 2,938,260 shares during the period. Ameriprise Financial Inc. boosted its holdings in ICICI Bank by 12.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 9,689,001 shares of the bank’s stock valued at $224,010,000 after purchasing an additional 1,106,845 shares during the period. Hsbc Holdings PLC boosted its holdings in ICICI Bank by 23.2% in the 4th quarter. Hsbc Holdings PLC now owns 7,105,479 shares of the bank’s stock valued at $169,408,000 after purchasing an additional 1,337,271 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in shares of ICICI Bank by 4.0% during the 3rd quarter. Baillie Gifford & Co. now owns 6,466,894 shares of the bank’s stock worth $149,515,000 after acquiring an additional 249,673 shares during the last quarter. 18.18% of the stock is owned by institutional investors.

ICICI Bank Company Profile

(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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