ICICI Bank Limited (NYSE:IBN) Short Interest Update

ICICI Bank Limited (NYSE:IBN) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 29,630,000 shares, an increase of 8.7% from the September 30th total of 27,250,000 shares. Based on an average trading volume of 5,610,000 shares, the short-interest ratio is currently 5.3 days.

ICICI Bank Trading Down 2.8 %

Shares of NYSE:IBN opened at $30.42 on Friday. ICICI Bank has a 12 month low of $22.02 and a 12 month high of $31.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $29.73 and its 200 day simple moving average is $28.37. The firm has a market cap of $107.18 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.17 and a beta of 1.02.

ICICI Bank Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, January 1st were paid a $0.2028 dividend. This is a positive change from ICICI Bank’s previous annual dividend of $0.11. This represents a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 12th. ICICI Bank’s payout ratio is presently 13.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ICICI Bank from a “sell” rating to a “hold” rating in a report on Thursday, September 5th.

Institutional Investors Weigh In On ICICI Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AIA Group Ltd increased its stake in ICICI Bank by 9.6% in the 3rd quarter. AIA Group Ltd now owns 123,896 shares of the bank’s stock valued at $3,698,000 after buying an additional 10,801 shares during the last quarter. Confluence Investment Management LLC increased its stake in ICICI Bank by 18.3% in the 3rd quarter. Confluence Investment Management LLC now owns 12,500 shares of the bank’s stock valued at $373,000 after buying an additional 1,931 shares during the last quarter. QRG Capital Management Inc. increased its stake in ICICI Bank by 8.4% in the 3rd quarter. QRG Capital Management Inc. now owns 48,082 shares of the bank’s stock valued at $1,435,000 after buying an additional 3,730 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in ICICI Bank by 0.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 15,259,276 shares of the bank’s stock valued at $455,489,000 after buying an additional 81,104 shares during the last quarter. Finally, BSW Wealth Partners increased its stake in ICICI Bank by 3.4% in the 3rd quarter. BSW Wealth Partners now owns 27,363 shares of the bank’s stock valued at $817,000 after buying an additional 896 shares during the last quarter. 18.18% of the stock is currently owned by institutional investors and hedge funds.

ICICI Bank Company Profile

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.