First National Bank Alaska (OTCMKTS:FBAK) Sees Large Decrease in Short Interest

First National Bank Alaska (OTCMKTS:FBAK) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1 shares, a decrease of 98.4% from the May 31st total of 62 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 846 shares, the short-interest ratio is presently 0.0 days.

First National Bank Alaska Trading Up 0.7%

First National Bank Alaska stock traded up $2.07 during trading on Thursday, reaching $319.80. 833 shares of the company were exchanged, compared to its average volume of 328. The stock’s 50 day simple moving average is $329.28 and its two-hundred day simple moving average is $312.36. The company has a market capitalization of $1.01 billion, a P/E ratio of 12.51 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.66. First National Bank Alaska has a 52-week low of $250.00 and a 52-week high of $343.00.

First National Bank Alaska (OTCMKTS:FBAK) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $6.68 earnings per share (EPS) for the quarter. First National Bank Alaska had a return on equity of 14.23% and a net margin of 30.01%.

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.