Shares of ICICI Bank Ltd. (NYSE:IBN) were up 5.1% during mid-day trading on Tuesday . The stock traded as high as $7.98 and last traded at $7.97, with a volume of 9,720,998 shares changing hands. The stock had previously closed at $7.58.

Several analysts recently issued reports on IBN shares. Credit Suisse Group AG upgraded shares of ICICI Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 21st. JPMorgan Chase & Co. lowered shares of ICICI Bank from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 16th. Finally, Goldman Sachs Group Inc. lowered shares of ICICI Bank from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ICICI Bank currently has a consensus rating of “Hold” and a consensus price target of $12.00.

The firm has a 50-day moving average price of $7.19 and a 200-day moving average price of $6.83. The stock has a market capitalization of $23.11 billion and a price-to-earnings ratio of 15.41.

The business also recently disclosed an annual dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 16th were given a $0.149 dividend. The ex-dividend date was Tuesday, June 14th.

Other institutional investors have bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. raised its position in ICICI Bank by 0.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 159,117 shares of the company’s stock worth $1,238,000 after buying an additional 667 shares in the last quarter. Azimuth Capital Management LLC raised its position in ICICI Bank by 9.0% in the fourth quarter. Azimuth Capital Management LLC now owns 159,185 shares of the company’s stock worth $1,246,000 after buying an additional 13,125 shares in the last quarter. Profund Advisors LLC raised its position in ICICI Bank by 3.6% in the fourth quarter. Profund Advisors LLC now owns 159,942 shares of the company’s stock worth $1,252,000 after buying an additional 5,600 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in ICICI Bank by 198.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 177,175 shares of the company’s stock worth $1,387,000 after buying an additional 117,888 shares in the last quarter. Finally, Comerica Bank raised its position in ICICI Bank by 33.2% in the fourth quarter. Comerica Bank now owns 212,283 shares of the company’s stock worth $1,514,000 after buying an additional 52,946 shares in the last quarter.

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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