ICICI Bank Limited (NYSE:IBN) Shares Bought by Smithfield Trust Co.
Smithfield Trust Co. increased its position in ICICI Bank Limited (NYSE:IBN) by 9.0% during the second quarter, Holdings Channel reports. The institutional investor owned 11,775 shares of the bank’s stock after buying an additional 968 shares during the period. Smithfield Trust Co.’s holdings in ICICI Bank Limited were worth $106,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ronald Blue & Co. LLC bought a new position in ICICI Bank Limited during the second quarter worth about $100,000. American Century Companies Inc. bought a new position in ICICI Bank Limited during the first quarter worth about $101,000. CAPROCK Group Inc. bought a new position in ICICI Bank Limited during the second quarter worth about $107,000. Park Avenue Securities LLC boosted its position in ICICI Bank Limited by 29.3% in the second quarter. Park Avenue Securities LLC now owns 13,565 shares of the bank’s stock worth $117,000 after buying an additional 3,077 shares in the last quarter. Finally, Atria Investments LLC boosted its position in ICICI Bank Limited by 11.0% in the first quarter. Atria Investments LLC now owns 13,729 shares of the bank’s stock worth $118,000 after buying an additional 1,363 shares in the last quarter. 20.84% of the stock is owned by institutional investors and hedge funds.
ICICI Bank Limited (NYSE IBN) opened at 9.04 on Thursday. ICICI Bank Limited has a one year low of $6.43 and a one year high of $9.85. The company’s 50 day moving average is $9.18 and its 200 day moving average is $8.30. The stock has a market cap of $28.96 billion, a PE ratio of 18.08 and a beta of 1.77.
ICICI Bank Limited (NYSE:IBN) last issued its earnings results on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. The business had revenue of $1.39 billion during the quarter. On average, equities research analysts expect that ICICI Bank Limited will post $0.38 EPS for the current year.
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A number of research firms have issued reports on IBN. Zacks Investment Research raised shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, June 7th. BidaskClub cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, ValuEngine cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. ICICI Bank Limited currently has a consensus rating of “Hold” and an average target price of $11.00.
About ICICI Bank Limited
ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.
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