First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Up – Should You Buy?

Shares of First National Bank Alaska (OTCMKTS:FBAK) gapped up prior to trading on Monday . The stock had previously closed at $300.00, but opened at $306.99. First National Bank Alaska shares last traded at $295.00, with a volume of 67 shares.

First National Bank Alaska Stock Down 1.8%

The business has a 50 day moving average price of $284.87 and a two-hundred day moving average price of $272.87. The stock has a market cap of $933.57 million, a P/E ratio of 12.05 and a beta of 0.17.

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

First National Bank Alaska Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were given a dividend of $4.00 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 561.0%. First National Bank Alaska’s dividend payout ratio (DPR) is presently 65.47%.

First National Bank Alaska Company 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.