First National Bank Alaska (OTCMKTS:FBAK) Shares Up 5.1% – What’s Next?

First National Bank Alaska (OTCMKTS:FBAK)’s share price rose 5.1% on Tuesday . The company traded as high as $306.99 and last traded at $306.99. Approximately 779 shares traded hands during trading, an increase of 118% from the average daily volume of 358 shares. The stock had previously closed at $292.00.

First National Bank Alaska Stock Up 5.1%

The firm has a market capitalization of $973.03 million, a P/E ratio of 12.56 and a beta of 0.17. The business’s 50 day moving average is $285.28 and its 200-day moving average is $273.07.

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

First National Bank Alaska Dividend Announcement

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

About First National Bank Alaska

First National Bank Alaska is a community‐oriented financial institution headquartered in Anchorage, Alaska. Established in 1922, the bank has grown to serve individuals, businesses and institutions across Alaska through a network of branch offices and digital channels. As an OTC‐traded company, it offers broad commercial and consumer banking services tailored to the unique economic and geographic needs of the state.

The bank’s consumer banking operations include checking and savings accounts, personal loans, mortgages and online banking solutions.