First National Bank Alaska (OTCMKTS:FBAK) Sees Large Increase in Short Interest

First National Bank Alaska (OTCMKTS:FBAK) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, an increase of 100.0% from the March 15th total of 100 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

First National Bank Alaska Price Performance

OTCMKTS FBAK traded up $4.00 on Friday, reaching $235.00. The company had a trading volume of 153 shares, compared to its average volume of 454. The firm has a 50-day moving average of $233.15 and a 200-day moving average of $226.24. First National Bank Alaska has a 1 year low of $190.10 and a 1 year high of $243.98. The firm has a market capitalization of $744.25 million, a PE ratio of 11.10 and a beta of 0.19.

First National Bank Alaska (OTCMKTS:FBAK) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.29 earnings per share for the quarter. The firm had revenue of $51.86 million for the quarter.

First National Bank Alaska Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from First National Bank Alaska’s previous quarterly dividend of $3.20. First National Bank Alaska’s payout ratio is currently 75.58%.

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.