First National Bank Alaska (OTCMKTS:FBAK) Trading Up 5.8% – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK) traded up 5.8% during trading on Thursday . The stock traded as high as $332.00 and last traded at $332.00. 179 shares were traded during trading, a decline of 35% from the average daily volume of 274 shares. The stock had previously closed at $313.83.

First National Bank Alaska Price Performance

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 firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.60 and a beta of 0.27. The business has a fifty day moving average of $326.78 and a two-hundred day moving average of $321.81.

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 (EPS) for the quarter. First National Bank Alaska had a return on equity of 14.65% and a net margin of 30.38%.The business had revenue of $57.69 million during the quarter.

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 position in shares of First National Bank Alaska (OTCMKTS:FBAK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned 0.16% of First National Bank Alaska as of its most recent filing with the SEC.

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.