First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Up – Here’s Why

First National Bank Alaska (OTCMKTS:FBAKGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $320.00, but opened at $330.00. First National Bank Alaska shares last traded at $330.00, with a volume of 16 shares changing hands.

First National Bank Alaska Stock Down 0.3%

The company has a 50-day simple moving average of $327.61 and a 200 day simple moving average of $322.24. The company has a market cap of $1.04 billion, a P/E ratio of 12.45 and a beta of 0.27. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03.

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

Institutional Investors Weigh In On First National Bank Alaska

An institutional investor recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. acquired a new stake in First National Bank Alaska (OTCMKTS:FBAKFree Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned 0.16% of First National Bank Alaska at the end of the most recent reporting period.

About First National Bank Alaska

(Get Free Report)

First National Bank Alaska is a full-service commercial bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state.

The bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial credit, cash-management services and electronic banking.

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