ICICI Bank Limited (NYSE:IBN – Get Rating) – Equities researchers at Jefferies Financial Group lifted their FY2023 earnings per share estimates for shares of ICICI Bank in a note issued to investors on Sunday, January 22nd. Jefferies Financial Group analyst P. Sharma now expects that the bank will post earnings per share of $1.11 for the year, up from their previous forecast of $1.06. The consensus estimate for ICICI Bank's current full-year earnings is $1.07 per share. Jefferies Financial Group also issued estimates for ICICI Bank's FY2024 earnings at $1.27 EPS and FY2025 earnings at $1.41 EPS.
Get ICICI Bank alerts:Separately, StockNews.com assumed coverage on ICICI Bank in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
ICICI Bank Price Performance
IBN opened at $20.68 on Wednesday. The stock's 50 day simple moving average is $22.14 and its 200 day simple moving average is $21.78. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.02 and a quick ratio of 1.02. ICICI Bank has a 1 year low of $16.36 and a 1 year high of $23.75. The firm has a market cap of $72.15 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 0.96 and a beta of 1.01.Institutional Investors Weigh In On ICICI Bank
Several institutional investors and hedge funds have recently bought and sold shares of IBN. Lone Pine Capital LLC purchased a new stake in ICICI Bank in the 3rd quarter worth approximately $245,195,000. Goldman Sachs Group Inc. lifted its holdings in ICICI Bank by 139.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,242,409 shares of the bank's stock worth $250,811,000 after buying an additional 7,710,015 shares during the period. GQG Partners LLC lifted its holdings in ICICI Bank by 27.5% in the 2nd quarter. GQG Partners LLC now owns 28,346,828 shares of the bank's stock worth $502,876,000 after buying an additional 6,116,246 shares during the period. BlackRock Inc. lifted its holdings in ICICI Bank by 63.9% in the 3rd quarter. BlackRock Inc. now owns 10,597,816 shares of the bank's stock worth $222,235,000 after buying an additional 4,132,405 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of ICICI Bank in the 3rd quarter valued at approximately $74,086,000. Hedge funds and other institutional investors own 15.94% of the company's stock.
ICICI Bank Company Profile
(Get Rating)
ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations. It operates through the following segments: Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others.
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