ICICI Bank (NYSE:IBN) Shares Gap Up to $13.28

ICICI Bank Ltd (NYSE:IBN)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $13.00, but opened at $13.28. ICICI Bank shares last traded at $13.58, with a volume of 6,156,008 shares traded.

Separately, ValuEngine raised ICICI Bank from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. ICICI Bank presently has an average rating of “Hold” and a consensus price target of $12.00.

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.65. The stock has a 50-day simple moving average of $12.42 and a 200-day simple moving average of $11.87. The firm has a market capitalization of $43.73 billion, a PE ratio of 90.53 and a beta of 0.79.

Large investors have recently added to or reduced their stakes in the business. Schafer Cullen Capital Management Inc increased its position in ICICI Bank by 26.0% in the second quarter. Schafer Cullen Capital Management Inc now owns 933,250 shares of the bank’s stock worth $11,498,000 after buying an additional 192,740 shares during the last quarter. KCS Wealth Advisory increased its position in ICICI Bank by 14.8% in the second quarter. KCS Wealth Advisory now owns 65,136 shares of the bank’s stock worth $820,000 after buying an additional 8,398 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in ICICI Bank by 21.4% in the second quarter. Sumitomo Life Insurance Co. now owns 48,290 shares of the bank’s stock worth $608,000 after buying an additional 8,500 shares during the last quarter. Atlas Capital Advisors LLC increased its position in ICICI Bank by 606.1% in the second quarter. Atlas Capital Advisors LLC now owns 9,313 shares of the bank’s stock worth $117,000 after buying an additional 7,994 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in ICICI Bank in the second quarter worth $132,000. 21.30% of the stock is 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.

Featured Article: Capital Gains

Receive News & Ratings for ICICI Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit