ICICI Bank Limited (NYSE:IBN – Get Free Report) was the target of unusually large options trading activity on Monday. Stock traders bought 2,619 call options on the company. This is an increase of approximately 108% compared to the typical volume of 1,259 call options.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of ICICI Bank from a “sell” rating to a “hold” rating in a report on Thursday, September 5th.
Get Our Latest Stock Report on IBN
Hedge Funds Weigh In On ICICI Bank
ICICI Bank Stock Up 0.1 %
Shares of ICICI Bank stock traded up $0.04 during trading on Wednesday, hitting $31.29. The company’s stock had a trading volume of 8,000,075 shares, compared to its average volume of 5,584,332. ICICI Bank has a 52 week low of $22.02 and a 52 week high of $31.60. The company has a fifty day simple moving average of $29.62 and a two-hundred day simple moving average of $28.33. The company has a market capitalization of $110.25 billion, a PE ratio of 21.29, a P/E/G ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99.
ICICI Bank (NYSE:IBN – Get Free Report) last announced its quarterly earnings data on Saturday, July 27th. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. ICICI Bank had a net margin of 24.44% and a return on equity of 16.17%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.05 billion. Equities research analysts predict that ICICI Bank will post 1.51 earnings per share for the current year.
ICICI Bank Increases Dividend
The business also recently declared an annual dividend, which was paid on Monday, August 12th. Stockholders of record on Friday, January 1st were issued a dividend of $0.2028 per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 12th. This is an increase from ICICI Bank’s previous annual dividend of $0.11. ICICI Bank’s dividend payout ratio (DPR) is presently 13.61%.
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.
See Also
- Five stocks we like better than ICICI Bank
- Investing in Travel Stocks Benefits
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Insider Trades May Not Tell You What You Think
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- What is the Shanghai Stock Exchange Composite Index?
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
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.