First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Up – Here’s What Happened

Shares of First National Bank Alaska (OTCMKTS:FBAK) gapped up before the market opened on Monday . The stock had previously closed at $300.00, but opened at $306.99. First National Bank Alaska shares last traded at $295.00, with a volume of 67 shares trading hands.

First National Bank Alaska Stock Performance

The company’s fifty day moving average price is $284.87 and its 200-day moving average price is $272.87. The stock has a market cap of $933.57 million, a P/E ratio of 12.05 and a beta of 0.17.

First National Bank Alaska (OTCMKTS:FBAK) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $6.75 EPS for the quarter. First National Bank Alaska had a net margin of 29.11% and a return on equity of 14.98%. The firm had revenue of $56.17 million for the quarter.

First National Bank Alaska Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd were given a dividend of $4.00 per share. This represents a yield of 561.0%. The ex-dividend date of this dividend was Monday, December 1st. First National Bank Alaska’s dividend payout ratio (DPR) is 65.47%.

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.