First National Bank Alaska (OTCMKTS:FBAK) Reaches New 52-Week High – Time to Buy?

Shares of First National Bank Alaska (OTCMKTS:FBAK) hit a new 52-week high during trading on Tuesday . The stock traded as high as $310.50 and last traded at $310.50, with a volume of 56 shares traded. The stock had previously closed at $309.00.

First National Bank Alaska Trading Up 0.6%

The company has a market cap of $985.87 million, a price-to-earnings ratio of 12.70 and a beta of 0.21. The stock’s 50-day moving average is $303.09 and its 200-day moving average is $285.21.

First National Bank Alaska (OTCMKTS:FBAK) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $6.33 earnings per share for the quarter. The firm had revenue of $58.36 million during the quarter. First National Bank Alaska had a net margin of 29.19% and a return on equity of 14.98%.

First National Bank Alaska Announces Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd were issued a $4.00 dividend. The ex-dividend date was Monday, December 1st. This represents a yield of 561.0%. First National Bank Alaska’s dividend payout ratio is presently 65.36%.

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.