First National Bank Alaska (OTCMKTS:FBAK) Sees Large Volume Increase - Should You Buy?

Key Points

• First National Bank Alaska (OTCMKTS:FBAK) experienced a trading volume increase of 115%, with 813 shares traded compared to the previous session's 378 shares.
• The bank announced a dividend increase to $4.00 per share, up from $3.20, reflecting a significant dividend yield of 575.0%.
• For the last quarter, First National Bank Alaska reported an EPS of $5.80 and revenue of $52.52 million.

Shares of First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) saw strong trading volume on Monday . 813 shares traded hands during mid-day trading, an increase of 115% from the previous session's volume of 378 shares.The stock last traded at $257.01 and had previously closed at $272.00.

First National Bank Alaska Price Performance

The stock's 50-day moving average price is $269.73 and its 200 day moving average price is $258.04. The firm has a market cap of $845.72 million, a P/E ratio of 11.43 and a beta of 0.21.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The financial services provider reported $5.80 EPS for the quarter. The business had revenue of $52.52 million during the quarter.

First National Bank Alaska Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a $4.00 dividend. This is a boost from First National Bank Alaska's previous dividend of $3.20. This represents a dividend yield of 575.0%. The ex-dividend date of this dividend was Friday, August 29th. First National Bank Alaska's payout ratio is presently 68.46%.

About First National Bank Alaska

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.

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