ICICI Bank FY2027 EPS Estimate Increased by Erste Group Bank

ICICI Bank Limited (NYSE:IBN) – Research analysts at Erste Group Bank lifted their FY2027 EPS estimates for shares of ICICI Bank in a report released 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 research analysts have also recently weighed in on IBN. Weiss Ratings downgraded shares of ICICI Bank from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research cut shares of ICICI Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen raised ICICI Bank from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

ICICI Bank Stock Performance

Shares of IBN stock opened at $29.03 on Wednesday. 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 firm has a 50-day moving average of $26.99 and a 200-day moving average of $28.40. ICICI Bank has a one year low of $25.08 and a one year high of $34.56. 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.

Insider Activity

In other ICICI Bank news, CEO Sandeep Bakhshi sold 24,999 shares of ICICI Bank stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $14.95, for a total value of $373,735.05. Following the sale, the chief executive officer owned 1,071,301 shares of the company’s stock, valued at approximately $16,015,949.95. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rakesh Jha sold 45,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $14.49, for a total transaction of $652,050.00. Following the transaction, the director directly owned 120,875 shares of the company’s stock, valued at $1,751,478.75. This represents a 27.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 159,999 shares of company stock worth $2,370,385.

Institutional Trading of ICICI Bank

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

About ICICI Bank

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.