First National Bank Alaska (OTCMKTS:FBAK) Reaches New 1-Year High – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $308.00 and last traded at $308.00, with a volume of 62 shares trading hands. The stock had previously closed at $290.00.

First National Bank Alaska Stock Performance

The stock’s 50-day moving average is $279.62 and its 200 day moving average is $270.20. The stock has a market capitalization of $952.79 million, a PE ratio of 12.31 and a beta of 0.17.

First National Bank Alaska (OTCMKTS:FBAK) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $6.75 earnings per share for the quarter. The business had revenue of $56.17 million during the quarter. First National Bank Alaska had a return on equity of 14.98% and a net margin of 29.11%.

First National Bank Alaska Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were issued a $4.00 dividend. This represents a dividend yield of 561.0%. The ex-dividend date of this dividend was Monday, December 1st. First National Bank Alaska’s dividend payout ratio is presently 65.47%.

About First National Bank Alaska

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.