First National Bank Alaska (OTCMKTS:FBAK) Sees Unusually-High Trading Volume – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK) shares saw strong trading volume on Monday. 357 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 263 shares. The stock last traded at $336.00 and had previously closed at $334.00.

First National Bank Alaska Stock Up 1.3%

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.83 and a beta of 0.27. The stock’s 50-day simple moving average is $328.75 and its 200 day simple moving average is $321.03.

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

Institutional Investors Weigh In On First National Bank Alaska

A hedge fund recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. bought a new stake in First National Bank Alaska (OTCMKTS:FBAK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 0.16% of First National Bank Alaska as of its most recent filing with the Securities and Exchange Commission (SEC).

First National Bank Alaska Company Profile

First National Bank Alaska (OTCMKTS:FBAK) is an Alaska-based commercial bank headquartered in Anchorage. Founded in 1922, the bank provides financial services to individuals, businesses, nonprofit organizations and government entities throughout the state.

The bank offers deposit accounts, consumer and mortgage lending, commercial and real estate financing, cash-management services, online and mobile banking, and other traditional banking products. Its business banking activities include credit facilities and treasury services designed to support Alaska companies across a range of industries.

First National Bank Alaska serves customers through a statewide branch network and electronic banking channels.