ICICI Bank Ltd. (NYSE:IBN) – Stock analysts at Jefferies Group decreased their FY2017 earnings 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. ICICI Bank has a one year low of $5.15 and a one year high of $8.80. The firm has a 50-day moving average price of $8.00 and a 200 day moving average price of $7.59. The firm has a market cap of $22.47 billion, a P/E ratio of 15.10 and a beta of 2.13.

Several large investors have recently bought and sold shares of IBN. Price T Rowe Associates Inc. MD increased its stake in ICICI Bank by 10.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 523,155 shares of the company’s stock valued at $3,908,000 after buying an additional 48,238 shares in the last quarter. LPL Financial LLC purchased a new stake in ICICI Bank during the third quarter valued at about $828,000. Schafer Cullen Capital Management Inc. increased its stake in ICICI Bank by 11.3% in the third quarter. Schafer Cullen Capital Management Inc. now owns 1,149,220 shares of the company’s stock valued at $8,585,000 after buying an additional 116,590 shares in the last quarter. Cullen Capital Management LLC increased its stake in ICICI Bank by 61.4% in the third quarter. Cullen Capital Management LLC now owns 915,200 shares of the company’s stock valued at $6,837,000 after buying an additional 348,300 shares in the last quarter. Finally, Credit Suisse AG increased its stake in ICICI Bank by 11.0% in the third quarter. Credit Suisse AG now owns 4,424,753 shares of the company’s stock valued at $33,052,000 after buying an additional 440,049 shares in the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

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ICICI Bank Company Profile

ICICI Bank Limited is a banking company. The Bank is a financial services group 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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