First National Bank Alaska (OTCMKTS:FBAK) Trading 5.8% Higher – Here’s What Happened

First National Bank Alaska (OTCMKTS:FBAK)’s stock price rose 5.8% on Thursday . The stock traded as high as $332.00 and last traded at $332.00. 179 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 274 shares. The stock had previously closed at $313.83.

First National Bank Alaska Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.66. The company’s 50-day simple moving average is $326.78 and its 200-day simple moving average is $321.81. The stock has a market capitalization of $1.05 billion, a P/E ratio of 12.60 and a beta of 0.27.

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

Hedge Funds Weigh In On First National Bank Alaska

An institutional investor recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. purchased a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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.