ICICI Bank FY2027 EPS Forecast Raised by Erste Group Bank

ICICI Bank Limited (NYSE:IBN) – Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for shares of ICICI Bank in a report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the bank will post earnings of $1.70 per share for the year, up from their prior estimate of $1.68. The consensus estimate for ICICI Bank’s current full-year earnings is $1.65 per share. Erste Group Bank also issued estimates for ICICI Bank’s FY2028 earnings at $1.96 EPS.

ICICI Bank (NYSE:IBN) last issued its quarterly earnings data 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 ($2,429.85) million 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%.

IBN has been the subject of several other research reports. Sanford C. Bernstein upgraded shares of ICICI Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Zacks Research upgraded shares of ICICI Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen raised shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings lowered shares of ICICI Bank from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong 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 Stock Performance

Shares of IBN stock opened at $30.07 on Tuesday. The stock has a market capitalization of $107.88 billion, a PE ratio of 19.03, a PEG ratio of 1.65 and a beta of 0.42. The business’s 50 day simple moving average is $28.82 and its 200 day simple moving average is $28.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.03 and a quick ratio of 1.03. ICICI Bank has a one year low of $25.08 and a one year high of $33.38.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Templeton & Phillips Capital Management LLC grew its holdings in ICICI Bank by 0.7% in the fourth quarter. Templeton & Phillips Capital Management LLC now owns 66,817 shares of the bank’s stock worth $1,991,000 after purchasing an additional 450 shares during the period. Cetera Investment Advisers boosted its position in shares of ICICI Bank by 0.4% during the 4th quarter. Cetera Investment Advisers now owns 114,558 shares of the bank’s stock worth $3,414,000 after purchasing an additional 458 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of ICICI Bank by 40.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,709 shares of the bank’s stock valued at $51,000 after buying an additional 489 shares during the period. HighTower Advisors LLC grew its stake in shares of ICICI Bank by 0.3% in the 4th quarter. HighTower Advisors LLC now owns 189,985 shares of the bank’s stock valued at $5,662,000 after buying an additional 492 shares during the period. Finally, UMB Bank n.a. increased its position in ICICI Bank by 11.4% in the 4th quarter. UMB Bank n.a. now owns 5,375 shares of the bank’s stock valued at $160,000 after buying an additional 549 shares in the last quarter. Institutional investors and hedge funds own 18.18% of the company’s stock.

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.