FY2027 EPS Estimates for ICICI Bank Increased by Analyst

ICICI Bank Limited (NYSE:IBN) – Stock analysts at Erste Group Bank increased their FY2027 earnings estimates for shares of ICICI Bank in a research note issued on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now expects that the bank will post earnings of $1.67 per share for the year, up from their prior forecast of $1.66. The consensus estimate for ICICI Bank’s current full-year earnings is $1.67 per share. Erste Group Bank also issued estimates for ICICI Bank’s FY2028 earnings at $1.94 EPS.

Several other equities analysts have also recently weighed in on IBN. Wall Street Zen upgraded ICICI Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research downgraded shares of ICICI Bank from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered shares of ICICI Bank from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

ICICI Bank Trading Down 1.1%

NYSE:IBN opened at $29.03 on Wednesday. ICICI Bank has a 1 year low of $25.08 and a 1 year high of $34.56. The stock’s fifty day moving average price is $26.99 and its two-hundred day moving average price is $28.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $104.12 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.50 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBN. Larson Financial Group LLC raised its stake in ICICI Bank by 855.2% in the fourth quarter. Larson Financial Group LLC now owns 831 shares of the bank’s stock valued at $25,000 after purchasing an additional 744 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of ICICI Bank in the 3rd quarter worth $25,000. Transamerica Financial Advisors LLC raised its position in shares of ICICI Bank by 487.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,311 shares of the bank’s stock valued at $39,000 after buying an additional 1,088 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of ICICI Bank during the 4th quarter valued at $39,000. Finally, McMillan Office Inc. bought a new stake in shares of ICICI Bank during the 4th quarter worth $49,000. 18.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ICICI Bank

In related news, Director Rakesh Jha sold 45,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $14.49, for a total transaction of $652,050.00. Following the completion of the transaction, the director directly owned 120,875 shares in the company, valued at $1,751,478.75. The trade was a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Bakhshi sold 24,999 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $14.95, for a total value of $373,735.05. Following the completion of the transaction, the chief executive officer owned 1,071,301 shares in the company, valued at $16,015,949.95. This represents a 2.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,999 shares of company stock valued at $2,370,385 in the last three months.

ICICI Bank Company Profile

ICICI Bank Limited is an Indian multinational banking and financial services company that provides a broad range of products and services to retail, corporate and institutional customers. The bank traces its origins to the Industrial Credit and Investment Corporation of India, founded in 1955, and was converted into a commercial bank during the 1990s as part of its evolution into a full-service financial institution. It is one of India’s largest private-sector banks and is listed in the United States as an American depositary receipt under the ticker IBN.

The bank’s core activities include retail banking (deposit accounts, consumer loans, mortgages, credit cards and payments), corporate and commercial banking (working capital, term lending, trade finance and cash management), and treasury operations.