Shares of First National Bank Alaska (OTCMKTS:FBAK – Get Free Report) saw unusually-high trading volume on Monday. Approximately 357 shares traded hands during trading, an increase of 36% from the average daily volume of 263 shares. The stock last traded at $336.00 and had previously closed at $334.00.
First National Bank Alaska Stock Performance
The company’s 50 day moving average price is $328.77 and its 200 day moving average price is $320.68. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.79 and a beta of 0.26.
First National Bank Alaska (OTCMKTS:FBAK – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.58 EPS for the quarter. The firm 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%.
Institutional Investors 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. purchased a new stake in shares of First National Bank Alaska (OTCMKTS:FBAK – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 0.16% of First National Bank Alaska at the end of the most recent reporting period.
About First National Bank Alaska
First National Bank Alaska (OTCMKTS:FBAK) is an Alaska-based commercial bank headquartered in Anchorage. Founded in 1922, the bank provides financial services to individuals, businesses, nonprofit organizations and government entities throughout the state.
The bank offers deposit accounts, consumer and mortgage lending, commercial and real estate financing, cash-management services, online and mobile banking, and other traditional banking products. Its business banking activities include credit facilities and treasury services designed to support Alaska companies across a range of industries.
First National Bank Alaska serves customers through a statewide branch network and electronic banking channels.
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