First National Bank Alaska (OTCMKTS:FBAK) Sees Unusually-High Trading Volume – Here’s Why

First National Bank Alaska (OTCMKTS:FBAK) shares saw an uptick in trading volume on Monday. Approximately 526 shares changed hands during trading, an increase of 93% from the previous session’s volume of 272 shares. The stock last traded at $324.00 and had previously closed at $326.60.

First National Bank Alaska Trading Up 2.0%

The company’s 50-day moving average is $330.58 and its 200-day moving average is $325.12. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.45 and a beta of 0.26.

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 firm 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 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 as of its most recent SEC filing.

About First National Bank Alaska

First National Bank Alaska is a community bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state and is one of Alaska’s longstanding locally owned financial institutions.

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