ICICI Bank Ltd. (NYSE:IBN) – Investment analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for ICICI Bank in a research report issued to clients and investors on Monday. Jefferies Group analyst N. Karfa now anticipates that the firm will earn $0.51 per share for the year, down from their prior estimate of $0.54. Jefferies Group also issued estimates for ICICI Bank’s FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.72 EPS.
Separately, Goldman Sachs Group Inc. upgraded ICICI Bank from a “neutral” rating to a “buy” rating in a report on Monday, October 24th.
Shares of ICICI Bank (NYSE:IBN) opened at 7.73 on Wednesday. The company has a market capitalization of $22.47 billion, a PE ratio of 15.10 and a beta of 2.13. The company has a 50-day moving average price of $8.00 and a 200-day moving average price of $7.59. ICICI Bank has a 52 week low of $5.15 and a 52 week high of $8.80.
A number of institutional investors have recently bought and sold shares of the company. BOKF NA purchased a new position in ICICI Bank during the third quarter worth about $102,000. Quantitative Investment Management LLC purchased a new position in ICICI Bank during the second quarter worth about $103,000. Creative Planning increased its position in ICICI Bank by 216.4% in the third quarter. Creative Planning now owns 16,741 shares of the company’s stock worth $125,000 after buying an additional 11,450 shares during the period. Neuberger Berman Group LLC increased its position in ICICI Bank by 8.3% in the second quarter. Neuberger Berman Group LLC now owns 18,619 shares of the company’s stock worth $134,000 after buying an additional 1,419 shares during the period. Finally, Swarthmore Group Inc. increased its position in ICICI Bank by 55.5% in the second quarter. Swarthmore Group Inc. now owns 18,850 shares of the company’s stock worth $135,000 after buying an additional 6,725 shares during the period. Institutional investors and hedge funds own 22.50% of the company’s stock.
ICICI Bank Company Profile