First National Bank Alaska (OTCMKTS:FBAK) Issues Earnings Results

First National Bank Alaska (OTCMKTS:FBAK) posted its quarterly earnings results on Wednesday. The financial services provider reported $6.29 earnings per share for the quarter, Zacks reports. The firm had revenue of $51.86 million for the quarter.

First National Bank Alaska Stock Performance

Shares of First National Bank Alaska stock traded up $1.60 on Friday, hitting $237.00. The company had a trading volume of 360 shares, compared to its average volume of 603. The stock has a market capitalization of $751.29 million, a price-to-earnings ratio of 11.79 and a beta of 0.31. First National Bank Alaska has a 1 year low of $190.00 and a 1 year high of $243.98. The stock has a 50 day moving average of $228.11 and a 200-day moving average of $217.32.

First National Bank Alaska Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $4.00 dividend. The ex-dividend date is Friday, February 28th. This is an increase from First National Bank Alaska’s previous quarterly dividend of $3.20. This represents a $16.00 annualized dividend and a dividend yield of 6.75%. First National Bank Alaska’s dividend payout ratio is 63.65%.

About First National Bank Alaska

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.