First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down – Here’s Why

Shares of First National Bank Alaska (OTCMKTS:FBAK) gapped down prior to trading on Wednesday . The stock had previously closed at $334.47, but opened at $312.00. First National Bank Alaska shares last traded at $320.00, with a volume of 66 shares changing hands.

First National Bank Alaska Price Performance

The stock has a market cap of $992.21 million, a price-to-earnings ratio of 12.25 and a beta of 0.25. The company has a 50-day moving average of $326.11 and a 200-day moving average of $310.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.67.

First National Bank Alaska (OTCMKTS:FBAK) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $6.68 earnings per share for the quarter. First National Bank Alaska had a return on equity of 14.23% and a net margin of 30.01%.

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.