Kahn Brothers Group Inc. Buys New Shares in First National Bank Alaska $FBAK

Kahn Brothers Group Inc. purchased a new position in First National Bank Alaska (OTCMKTS:FBAK) during the second quarter, according to its most recent Form 13F filing 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 about 0.16% of First National Bank Alaska at the end of the most recent quarter.

First National Bank Alaska Stock Performance

OTCMKTS:FBAK opened at $336.61 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.07 billion, a P/E ratio of 12.78 and a beta of 0.26. First National Bank Alaska has a fifty-two week low of $257.01 and a fifty-two week high of $343.00. The firm’s 50 day moving average is $324.45 and its two-hundred day moving average is $320.27.

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

First National Bank Alaska Profile

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.