First National Bank Alaska (OTCMKTS:FBAK) Short Interest Up 83.0% in August

First National Bank Alaska (OTCMKTS:FBAK) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 161 shares, an increase of 83.0% from the July 30th total of 88 shares. Based on an average daily trading volume, of 257 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

First National Bank Alaska Price Performance

OTCMKTS:FBAK traded up $1.14 during trading hours on Friday, reaching $337.75. The stock had a trading volume of 94 shares, compared to its average volume of 189. 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 has a 52 week low of $257.01 and a 52 week high of $343.00. The company has a 50 day moving average price of $324.80 and a two-hundred day moving average price of $320.40. The stock has a market capitalization of $1.07 billion, a PE ratio of 12.82 and a beta of 0.26.

First National Bank Alaska (OTCMKTS:FBAK) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share (EPS) for the quarter. The business had revenue of $57.69 million for the quarter. First National Bank Alaska had a return on equity of 14.65% and a net margin of 30.38%.

Hedge Funds Weigh In On First National Bank Alaska

A hedge fund recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. acquired a new position in First National Bank Alaska (OTCMKTS:FBAK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 0.16% of First National Bank Alaska as of its most recent SEC filing.

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.