First National Bank Alaska (OTCMKTS:FBAK) Trading Down 7.1% – Should You Sell?

First National Bank Alaska (OTCMKTS:FBAK) fell 7.1% during mid-day trading on Monday . The stock traded as low as $286.00 and last traded at $286.00. 45 shares were traded during trading, a decline of 88% from the average session volume of 369 shares. The stock had previously closed at $307.74.

First National Bank Alaska Stock Down 5.8%

The firm has a market capitalization of $918.40 million, a price-to-earnings ratio of 12.41 and a beta of 0.19. The company has a 50-day moving average price of $275.33 and a 200-day moving average price of $267.60.

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. The business had revenue of $56.17 million for the quarter.

First National Bank Alaska Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 561.0%. First National Bank Alaska’s dividend payout ratio is presently 65.47%.

First National Bank Alaska Company Profile

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.