First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down – Should You Sell?

First National Bank Alaska (OTCMKTS:FBAK) gapped down prior to trading on Thursday . The stock had previously closed at $299.7550, but opened at $26.03. First National Bank Alaska shares last traded at $298.00, with a volume of 221 shares.

First National Bank Alaska Price Performance

The stock has a market cap of $944.66 million, a P/E ratio of 12.19 and a beta of 0.18. The firm’s fifty day moving average price is $291.30 and its two-hundred day moving average price is $276.36.

First National Bank Alaska (OTCMKTS:FBAK) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $6.75 earnings per share for the quarter. First National Bank Alaska had a return on equity of 14.98% and a net margin of 29.11%.The business had revenue of $56.17 million for the quarter.

First National Bank Alaska Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were paid a $4.00 dividend. This represents a yield of 561.0%. The ex-dividend date of this dividend was Monday, December 1st. First National Bank Alaska’s dividend payout ratio (DPR) is currently 65.47%.

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.