First National Bank Alaska (OTCMKTS:FBAK) Trading 5.1% Higher – Here’s What Happened

First National Bank Alaska (OTCMKTS:FBAK) was up 5.1% during trading on Tuesday . The stock traded as high as $306.99 and last traded at $306.99. Approximately 779 shares were traded during trading, an increase of 118% from the average daily volume of 358 shares. The stock had previously closed at $292.00.

First National Bank Alaska Stock Up 5.1%

The firm’s 50-day simple moving average is $285.28 and its 200-day simple moving average is $273.07. The firm has a market capitalization of $973.03 million, a P/E ratio of 12.56 and a beta of 0.17.

First National Bank Alaska (OTCMKTS:FBAK) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $6.75 earnings per share (EPS) for the quarter. First National Bank Alaska had a net margin of 29.11% and a return on equity of 14.98%. The company had revenue of $56.17 million during the quarter.

First National Bank Alaska Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were issued a $4.00 dividend. This represents a dividend yield of 561.0%. The ex-dividend date was Monday, December 1st. First National Bank Alaska’s dividend payout ratio is presently 65.47%.

About First National Bank Alaska

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.