First National Bank Alaska (OTCMKTS:FBAK) Releases Earnings Results

First National Bank Alaska (OTCMKTS:FBAK) posted its earnings results on Wednesday. The financial services provider reported $6.29 earnings per share for the quarter, Zacks reports. The business had revenue of $51.86 million during the quarter.

First National Bank Alaska Price Performance

Shares of FBAK traded up $1.60 during mid-day trading on Friday, reaching $237.00. 360 shares of the company’s stock traded hands, compared to its average volume of 603. The stock’s 50-day moving average is $228.11 and its two-hundred day moving average is $217.32. First National Bank Alaska has a 12 month low of $190.00 and a 12 month high of $243.98. The stock has a market cap of $751.29 million, a P/E ratio of 11.79 and a beta of 0.31.

First National Bank Alaska Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $16.00 annualized dividend and a dividend yield of 6.75%. This is an increase from First National Bank Alaska’s previous quarterly dividend of $3.20. First National Bank Alaska’s dividend payout ratio is currently 63.65%.

First National Bank Alaska Company Profile

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.