Stevens Capital Management LP purchased a new position in shares of ICICI Bank Limited (NYSE:IBN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 108,586 shares of the bank’s stock, valued at approximately $929,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. grew its position in shares of ICICI Bank Limited by 0.4% in the second quarter. Capstone Asset Management Co. now owns 82,479 shares of the bank’s stock valued at $740,000 after purchasing an additional 360 shares during the period. HighTower Advisors LLC grew its position in shares of ICICI Bank Limited by 2.4% in the first quarter. HighTower Advisors LLC now owns 16,476 shares of the bank’s stock valued at $144,000 after purchasing an additional 384 shares during the period. Baldwin Investment Management LLC grew its position in shares of ICICI Bank Limited by 0.8% in the second quarter. Baldwin Investment Management LLC now owns 61,073 shares of the bank’s stock valued at $548,000 after purchasing an additional 483 shares during the period. Smithfield Trust Co. grew its position in shares of ICICI Bank Limited by 9.0% in the second quarter. Smithfield Trust Co. now owns 11,775 shares of the bank’s stock valued at $106,000 after purchasing an additional 968 shares during the period. Finally, Capital One National Association grew its position in shares of ICICI Bank Limited by 4.5% in the second quarter. Capital One National Association now owns 23,731 shares of the bank’s stock valued at $213,000 after purchasing an additional 1,028 shares during the period. 21.87% of the stock is owned by institutional investors.

IBN has been the subject of a number of recent analyst reports. BidaskClub downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley raised ICICI Bank Limited from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group LLC raised ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $9.50.

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ICICI Bank Limited (NYSE:IBN) opened at $9.53 on Wednesday. ICICI Bank Limited has a fifty-two week low of $6.69 and a fifty-two week high of $9.85. The firm has a market capitalization of $30,304.75, a price-to-earnings ratio of 23.65, a P/E/G ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.16 and a quick ratio of 1.16.

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.

Institutional Ownership by Quarter for ICICI Bank Limited (NYSE:IBN)

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