First National Bank Alaska (OTCMKTS:FBAK) Sees Large Decrease in Short Interest

Key Points

• First National Bank Alaska experienced a significant drop in short interest, falling to just 100 shares as of July 31st, a decrease of 50% from the previous total.
• The bank's stock opened at $278.15 with a fifty-two week range of $196.51 to $280.00, while maintaining a market cap of $881.72 million.
• First National Bank Alaska reported $5.80 EPS and $52.52 million in revenue during its latest quarterly earnings on August 8th.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 100 shares, adropof50.0% from the July 15th total of 200 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the company's shares are short sold. Currently,0.0% of the company's shares are short sold. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.1 days.

First National Bank Alaska Trading Up 2.2%

FBAK stock traded up $6.0820 during mid-day trading on Friday, reaching $276.75. The company's stock had a trading volume of 505 shares, compared to its average volume of 401. The company has a market cap of $876.47 million, a price-to-earnings ratio of 11.84 and a beta of 0.32. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. First National Bank Alaska has a 12 month low of $196.51 and a 12 month high of $280.00. The business's 50 day moving average price is $262.57 and its 200 day moving average price is $248.11.

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

First National Bank Alaska Company Profile

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.