ICICI Bank (NYSE:IBN) Releases Earnings Results, Meets Estimates

ICICI Bank (NYSE:IBNGet Free Report) issued its earnings results on Tuesday. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Yahoo Finance reports. The business had revenue of $5.18 billion for the quarter. ICICI Bank had a return on equity of 16.36% and a net margin of 24.23%.

ICICI Bank Stock Up 0.0 %

Shares of IBN stock traded up $0.01 on Friday, reaching $24.13. 4,097,281 shares of the company’s stock traded hands, compared to its average volume of 8,201,735. ICICI Bank has a 12-month low of $19.34 and a 12-month high of $25.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $84.63 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97. The business’s 50 day moving average price is $23.65 and its two-hundred day moving average price is $23.35.

Analyst Ratings Changes

Separately, StockNews.com began coverage on ICICI Bank in a report on Thursday, October 5th. They set a “hold” rating on the stock.

Get Our Latest Report on IBN

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IBN. WCM Investment Management LLC increased its stake in ICICI Bank by 21.4% during the first quarter. WCM Investment Management LLC now owns 70,848,478 shares of the bank’s stock valued at $1,528,910,000 after acquiring an additional 12,491,086 shares during the period. BlackRock Inc. increased its stake in ICICI Bank by 29.2% during the second quarter. BlackRock Inc. now owns 13,655,856 shares of the bank’s stock valued at $315,177,000 after acquiring an additional 3,084,269 shares during the period. Goldman Sachs Group Inc. increased its stake in ICICI Bank by 139.4% during the first quarter. Goldman Sachs Group Inc. now owns 13,242,409 shares of the bank’s stock valued at $250,811,000 after acquiring an additional 7,710,015 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of ICICI Bank by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,489,736 shares of the bank’s stock valued at $226,369,000 after purchasing an additional 195,955 shares during the period. Finally, State Street Corp grew its stake in shares of ICICI Bank by 5.4% in the 2nd quarter. State Street Corp now owns 8,504,402 shares of the bank’s stock valued at $196,282,000 after purchasing an additional 438,415 shares during the period. Hedge funds and other institutional investors own 18.02% of the company’s stock.

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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Earnings History for ICICI Bank (NYSE:IBN)

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