Short Interest in First National Bank Alaska (OTCMKTS:FBAK) Declines By 89.4%

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 17 shares, a decline of 89.4% from the August 15th total of 161 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 320 shares, the days-to-cover ratio is presently 0.1 days.

First National Bank Alaska Stock Performance

Shares of FBAK opened at $320.00 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.15 and a beta of 0.27. First National Bank Alaska has a 52-week low of $257.01 and a 52-week high of $343.00. 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 stock has a 50 day moving average price of $326.85 and a 200 day moving average price of $321.90.

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

Institutional Investors 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. acquired a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission.

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.