First National Bank Alaska (OTCMKTS:FBAK) Sees Unusually-High Trading Volume – Time to Buy?

First National Bank Alaska (OTCMKTS:FBAK) saw strong trading volume on Monday. 526 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 272 shares. The stock last traded at $324.00 and had previously closed at $326.60.

First National Bank Alaska Trading Down 0.8%

The business has a 50-day moving average price of $330.67 and a 200-day moving average price of $324.78. The stock has a market cap of $1.03 billion, a PE ratio of 12.30 and a beta of 0.26.

First National Bank Alaska (OTCMKTS:FBAK) last released its earnings results on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share 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%.

Institutional Investors 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 stake in First National Bank Alaska (OTCMKTS:FBAK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC).

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.