ICICI Bank (NYSE:IBN) Share Price Crosses Above Two Hundred Day Moving Average of $24.15

ICICI Bank Limited (NYSE:IBN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.15 and traded as high as $25.61. ICICI Bank shares last traded at $25.49, with a volume of 4,823,603 shares changing hands.

ICICI Bank Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $89.25 billion, a PE ratio of 19.12, a P/E/G ratio of 1.57 and a beta of 1.01. The company’s fifty day simple moving average is $25.70 and its 200 day simple moving average is $24.16.

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

Institutional Trading of ICICI Bank

A number of institutional investors have recently added to or reduced their stakes in IBN. Rakuten Securities Inc. bought a new position in ICICI Bank in the 4th quarter valued at $33,000. FinTrust Capital Advisors LLC raised its holdings in shares of ICICI Bank by 66.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,709 shares of the bank’s stock valued at $37,000 after acquiring an additional 685 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of ICICI Bank by 114.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,060 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,098 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of ICICI Bank in the fourth quarter worth approximately $43,000. Finally, BOKF NA raised its stake in ICICI Bank by 196.6% in the fourth quarter. BOKF NA now owns 2,118 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,404 shares in the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.

About ICICI Bank

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.