ICICI Bank Limited (IBN): closed at $9.49 on Thursday, August 06


ICICI Bank Limited (NYSE:IBN) changes shares on Thursday trading session, with a change of 1.37% or $0.13 shares. The trading starts at $9.58 and closed at $9.49 throughout the day. The trading session low price was $9.50 and day high was $9.685 on Thursday, August 06. After the session, the Financial sector daily volume shifted to 5.27 million while its average volume is 7.49M. In other hand, the IBN market cap reached to $30.55B. While, its current target price is $13.40.

On April 21, 2020, India’s ICICI Bank confirms exposure to troubled oil trader Hin Leong. According to the news reported on Reuters, India’s second largest private lender ICICI Bank on Tuesday confirmed its exposure to the Singapore-based troubled oil trader Hin Leong Trading Pte Ltd (HLT) and said it is taking steps to protect its interest.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.89% and down -2.73% for month. Its quarterly performance was 8.70% above, while its half year performance is down -36.04%. IBN yearly performance stood at negative -16.28% and fall -36.25% for year-to-date. Current recommendation for ICICI Bank Limited is 1.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. IBN EPS (TTM) for 12-month is 0.53. EPS for this year is 188.80%, while for the next year its value is 0.70. Its EPS Q/Q reached 24.30%. It has an EPS of 0.00% down for past five years.

Let’s take a look on the analyst recommendations on IBN for the current month and previous month. For the current month, 41 of 45 analysts recommend stock as Buy while 0 as Sell, 4 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 44 analysts participate in stock recommendation. Out of 44, 0 rated it sell, 39 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $11.09 – $14.03. Average target price for IBN was reached at $12.38.

Invesco Ltd., Harding Loevner LLC and FMR, LLC are the top three holders in ICICI Bank Limited (IBN) stock. On Mar 30, 2020, Invesco Ltd. has 56.26 million shares which valued 478.23 million. On Mar 30, 2020, Harding Loevner LLC owned 52.29 million shares which valued at 444.48 million. On Mar 30, 2020, FMR, LLC has a total of 30.73 million shares which valued at 261.23 million. In the end, FMR, LLC have 0.95% shares outstanding of ICICI Bank Limited (IBN) on Mar 30, 2020. The insider ownership moved to 62.40% and institutional holding shifted to 18.70%.

The company posted an EPS (TTM) of 0.53. According to the most recent quarter report on (Sep 2020), 1 analysts estimated an average EPS of 0.12, while 0.05 EPS posted a year ago period. Analyst Estimated EPS for IBN published in the report was $0.12 – $0.12 during the same period. Comparing with last year, the average estimated EPS was 0.05 which is lower than 0.13 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for IBN fall -17.25% for period of 200 days. SMA for 50 days was 1.77% which is showing green signal, while SMA-20 was -0.72%. The moving average value for ICICI Bank Limited (IBN) is 11.74M and 0.39% for 200 and 50 days respectively.