ICICI Bank (NYSE:IBN) Hits New 1-Year High at $27.59

Shares of ICICI Bank Limited (NYSE:IBN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.59 and last traded at $27.59, with a volume of 4757 shares changing hands. The stock had previously closed at $26.53.

ICICI Bank Trading Up 4.1 %

The firm has a fifty day moving average price of $25.96 and a 200-day moving average price of $24.34. The company has a market capitalization of $97.03 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.64 and a beta of 1.01. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99.

Hedge Funds Weigh In On ICICI Bank

Institutional investors and hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in ICICI Bank during the fourth quarter valued at $33,000. Bruce G. Allen Investments LLC bought a new position in ICICI Bank during the fourth quarter valued at $43,000. E Fund Management Hong Kong Co. Ltd. bought a new position in ICICI Bank during the first quarter valued at $58,000. Allworth Financial LP grew its holdings in ICICI Bank by 88.3% during the third quarter. Allworth Financial LP now owns 2,741 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,285 shares during the period. Finally, Operose Advisors LLC bought a new position in ICICI Bank during the third quarter valued at $65,000. 18.18% of the stock is owned by institutional investors.

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.