First National Bank Alaska (OTCMKTS:FBAK) Stock Price Breaks Below 200-Day Moving Average – What’s Next?

Shares of First National Bank Alaska (OTCMKTS:FBAK) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $324.63 and traded as low as $319.95. First National Bank Alaska shares last traded at $326.60, with a volume of 107 shares trading hands.

First National Bank Alaska Stock Up 1.2%

The stock has a market capitalization of $1.04 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock has a 50 day simple moving average of $330.67 and a two-hundred day simple moving average of $324.63.

First National Bank Alaska (OTCMKTS:FBAK) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share (EPS) for the quarter. The company 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. purchased a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent quarter.

About First National Bank Alaska

First National Bank Alaska is a community bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state and is one of Alaska’s longstanding locally owned financial institutions.

The bank provides a range of personal and commercial banking services, including checking and savings accounts, certificates of deposit, consumer and business loans, residential and commercial real estate financing, and credit products.