First National Bank Alaska (OTCMKTS:FBAK) Short Interest Down 89.4% in August

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 17 shares, a decline of 89.4% from the August 15th total of 161 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 320 shares, the days-to-cover ratio is currently 0.1 days.

First National Bank Alaska Price Performance

OTCMKTS FBAK remained flat at $320.00 during trading on Friday. 181 shares of the company’s stock were exchanged, compared to its average volume of 166. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.67. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 12.15 and a beta of 0.27. The company has a 50-day simple moving average of $326.91 and a 200 day simple moving average of $321.89. First National Bank Alaska has a 1-year low of $257.01 and a 1-year high of $343.00.

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

Institutional Trading of First National Bank Alaska

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

First National Bank Alaska Company Profile

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.