First National Bank Alaska (OTCMKTS:FBAK) Reaches New 12-Month High – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $259.99 and last traded at $251.00, with a volume of 436 shares trading hands. The stock had previously closed at $250.02.

First National Bank Alaska Price Performance

The firm has a market capitalization of $794.92 million, a price-to-earnings ratio of 11.86 and a beta of 0.27. The business’s 50 day moving average price is $237.87 and its 200-day moving average price is $232.05.

First National Bank Alaska (OTCMKTS:FBAK) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.29 earnings per share (EPS) for the quarter. The firm had revenue of $51.86 million for the quarter.

First National Bank Alaska Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 6.37%. First National Bank Alaska’s dividend payout ratio is currently 71.08%.

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.