First National Bank Alaska (OTCMKTS:FBAK) Sees Large Decrease in Short Interest

First National Bank Alaska (OTCMKTS:FBAK) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 98.4% from the May 31st total of 62 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 846 shares, the days-to-cover ratio is presently 0.0 days.

First National Bank Alaska Trading Up 0.7%

FBAK traded up $2.07 on Thursday, hitting $319.80. The company had a trading volume of 833 shares, compared to its average volume of 328. The company’s fifty day moving average price is $329.28 and its 200 day moving average price is $312.36. First National Bank Alaska has a 1 year low of $250.00 and a 1 year high of $343.00. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.01 billion, a P/E ratio of 12.51 and a beta of 0.25.

First National Bank Alaska (OTCMKTS:FBAK) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $6.68 earnings per share for the quarter. First National Bank Alaska had a net margin of 30.01% and a return on equity of 14.23%.

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.