ICICI Bank (NYSE:IBN) Shares Cross Above Two Hundred Day Moving Average of $24.27

Shares of ICICI Bank Limited (NYSE:IBN) 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 traded.

ICICI Bank Stock Performance

The firm’s 50 day moving average price is $25.88 and its two-hundred day moving average price is $24.27. The firm has a market cap of $91.94 billion, a PE ratio of 19.54, a PEG ratio of 1.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99.

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

Institutional Trading of ICICI Bank

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in shares of ICICI Bank during the fourth quarter valued at about $33,000. Bruce G. Allen Investments LLC purchased a new position in shares of ICICI Bank during the 4th quarter worth approximately $43,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in ICICI Bank in the 1st quarter valued at approximately $58,000. Allworth Financial LP raised its position in ICICI Bank by 88.3% in the third quarter. Allworth Financial LP now owns 2,741 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,285 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new position in ICICI Bank during the fourth quarter worth $67,000. 18.18% of the stock is owned by institutional investors and hedge funds.

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.