ICICI Bank FY2027 EPS Estimate Lifted by Erste Group Bank

ICICI Bank Limited (NYSE:IBN) – Equities researchers at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for ICICI Bank in a research note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the bank will earn $1.71 per share for the year, up from their previous forecast of $1.68. The consensus estimate for ICICI Bank’s current full-year earnings is $1.66 per share. Erste Group Bank also issued estimates for ICICI Bank’s FY2028 earnings at $1.97 EPS.

ICICI Bank (NYSE:IBN) last announced its quarterly earnings results on Sunday, July 19th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $3.32 billion. ICICI Bank had a return on equity of 13.81% and a net margin of 25.60%.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen raised ICICI Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. The Goldman Sachs Group initiated coverage on shares of ICICI Bank in a research report on Friday, August 21st. They set a “buy” rating for the company. Zacks Research upgraded shares of ICICI Bank from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Sanford C. Bernstein raised shares of ICICI Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ICICI Bank Trading Down 0.6%

IBN opened at $28.84 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.03. ICICI Bank has a one year low of $25.08 and a one year high of $33.03. The company has a market cap of $103.49 billion, a P/E ratio of 18.25, a PEG ratio of 1.58 and a beta of 0.41. The business’s 50-day simple moving average is $29.80 and its 200-day simple moving average is $28.20.

Institutional Trading of ICICI Bank

Several institutional investors and hedge funds have recently bought and sold shares of IBN. North of South Capital LLP raised its position in shares of ICICI Bank by 128.2% during the 4th quarter. North of South Capital LLP now owns 7,388,440 shares of the bank’s stock worth $220,176,000 after purchasing an additional 4,150,207 shares during the last quarter. Morgan Stanley grew its holdings in ICICI Bank by 8.0% during the 4th quarter. Morgan Stanley now owns 53,772,858 shares of the bank’s stock valued at $1,602,431,000 after buying an additional 3,974,437 shares during the last quarter. Man Group plc grew its holdings in ICICI Bank by 244.1% during the 2nd quarter. Man Group plc now owns 5,555,858 shares of the bank’s stock valued at $186,899,000 after buying an additional 3,941,439 shares during the last quarter. Bank of America Corp DE increased its position in ICICI Bank by 43.0% during the first quarter. Bank of America Corp DE now owns 12,932,141 shares of the bank’s stock worth $334,942,000 after buying an additional 3,889,449 shares in the last quarter. Finally, Deutsche Bank AG increased its position in ICICI Bank by 106.0% during the fourth quarter. Deutsche Bank AG now owns 5,917,302 shares of the bank’s stock worth $176,336,000 after buying an additional 3,044,569 shares in the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.

About ICICI Bank

ICICI Bank Limited (NYSE: IBN) is an Indian private-sector banking company headquartered in Mumbai, India. The bank provides a broad range of financial services to individuals, businesses and institutions through its branch network, digital platforms and other distribution channels.

Its offerings include savings and current accounts, deposits, personal and business loans, home and auto finance, credit and debit cards, payments, remittance services, investment products and wealth management.