First National Bank Alaska (OTCMKTS:FBAK) Short Interest Update

First National Bank Alaska (OTCMKTS:FBAK) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 7 shares, a drop of 58.8% from the August 31st total of 17 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 390 shares, the days-to-cover ratio is currently 0.0 days.

First National Bank Alaska Stock Down 1.2%

OTCMKTS:FBAK traded down $3.99 during trading hours on Tuesday, reaching $326.01. The company’s stock had a trading volume of 136 shares, compared to its average volume of 264. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 12.38 and a beta of 0.27. First National Bank Alaska has a one year low of $257.01 and a one year high of $343.00. The business’s 50-day moving average is $329.59 and its 200-day moving average is $323.17. 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 (OTCMKTS:FBAK) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share for the quarter. First National Bank Alaska had a return on equity of 14.65% and a net margin of 30.38%.The company had revenue of $57.69 million during the quarter.

Hedge Funds 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. purchased a new stake in First National Bank Alaska (OTCMKTS:FBAK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 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 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.