ICICI Bank (NYSE:IBN) Shares Up 6.1%

Shares of ICICI Bank Ltd (NYSE:IBN) shot up 6.1% during mid-day trading on Monday . The company traded as high as $12.03 and last traded at $12.55, 7,634,764 shares were traded during trading. An increase of 1% from the average session volume of 7,564,186 shares. The stock had previously closed at $11.83.

The business has a 50-day moving average price of $11.39 and a 200-day moving average price of $11.60. The firm has a market capitalization of $38.06 billion, a price-to-earnings ratio of 82.27 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69.

ICICI Bank (NYSE:IBN) last issued its quarterly earnings results on Monday, July 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). The business had revenue of $1.62 billion for the quarter. ICICI Bank had a return on equity of 4.40% and a net margin of 6.69%. On average, equities research analysts forecast that ICICI Bank Ltd will post 0.65 earnings per share for the current year.



Several hedge funds have recently modified their holdings of IBN. Exane Derivatives increased its position in shares of ICICI Bank by 89.3% during the second quarter. Exane Derivatives now owns 2,396 shares of the bank’s stock worth $30,000 after purchasing an additional 1,130 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of ICICI Bank during the second quarter worth $35,000. Advisory Services Network LLC increased its position in shares of ICICI Bank by 637.2% during the second quarter. Advisory Services Network LLC now owns 2,757 shares of the bank’s stock worth $35,000 after purchasing an additional 2,383 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of ICICI Bank during the second quarter worth $63,000. Finally, Lindbrook Capital LLC increased its position in shares of ICICI Bank by 32.5% during the second quarter. Lindbrook Capital LLC now owns 7,249 shares of the bank’s stock worth $91,000 after purchasing an additional 1,780 shares in the last quarter. 21.33% of the stock is currently owned by institutional investors and hedge funds.

ICICI Bank Company Profile (NYSE:IBN)

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.

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