First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down – Should You Sell?

First National Bank Alaska (OTCMKTS:FBAK)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $299.7550, but opened at $26.03. First National Bank Alaska shares last traded at $298.00, with a volume of 221 shares.

First National Bank Alaska Trading Up 1.3%

The stock’s 50 day moving average price is $292.20 and its 200 day moving average price is $276.82. The firm has a market cap of $943.73 million, a PE ratio of 12.35 and a beta of 0.18.

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

First National Bank Alaska Dividend Announcement

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

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.