ICICI Bank (NYSE:IBN) Stock Price Passes Above 200 Day Moving Average of $24.27

ICICI Bank Limited (NYSE:IBN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.27 and traded as high as $26.36. ICICI Bank shares last traded at $26.19, with a volume of 2,592,471 shares.

ICICI Bank Trading Down 0.4 %

The business’s 50-day moving average is $25.88 and its two-hundred day moving average is $24.27. 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 stock has a market capitalization of $91.94 billion, a PE ratio of 19.54, a PEG ratio of 1.61 and a beta of 1.01.

ICICI Bank (NYSE:IBN) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $5.18 billion during the quarter. ICICI Bank had a return on equity of 16.57% and a net margin of 24.82%. On average, analysts predict that ICICI Bank Limited will post 1.38 earnings per share for the current year.

Institutional Trading of ICICI Bank

Hedge funds have recently made changes to their positions in the company. CWM LLC increased its stake in ICICI Bank by 16.2% during the 3rd quarter. CWM LLC now owns 6,668 shares of the bank’s stock worth $154,000 after buying an additional 929 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of ICICI Bank by 5.5% in the third quarter. Aaron Wealth Advisors LLC now owns 13,592 shares of the bank’s stock worth $314,000 after acquiring an additional 707 shares in the last quarter. Simplicity Solutions LLC lifted its stake in shares of ICICI Bank by 3.9% in the third quarter. Simplicity Solutions LLC now owns 23,633 shares of the bank’s stock worth $546,000 after acquiring an additional 886 shares in the last quarter. PDS Planning Inc boosted its holdings in ICICI Bank by 6.7% in the third quarter. PDS Planning Inc now owns 21,422 shares of the bank’s stock valued at $495,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in ICICI Bank by 6.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,761 shares of the bank’s stock worth $388,000 after purchasing an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.

ICICI Bank Company Profile

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.