First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Up – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK) shares gapped up prior to trading on Tuesday . The stock had previously closed at $320.00, but opened at $330.00. First National Bank Alaska shares last traded at $330.00, with a volume of 16 shares trading hands.

First National Bank Alaska Trading Down 4.0%

The company has a market cap of $998.58 million, a price-to-earnings ratio of 11.96 and a beta of 0.27. 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 business’s 50 day moving average price is $327.09 and its 200-day moving average price is $322.09.

First National Bank Alaska (OTCMKTS:FBAK) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.58 EPS for the quarter. The business had revenue of $57.69 million for the quarter. First National Bank Alaska had a net margin of 30.38% and a return on equity of 14.65%.

Hedge Funds Weigh In On First National Bank Alaska

An institutional investor 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) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

About First National Bank Alaska

First National Bank Alaska is a full-service commercial bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state.

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