Short Interest in First National Bank Alaska (OTCMKTS:FBAK) Rises By 100.0%

Key Points

• First National Bank Alaska (OTCMKTS:FBAK) experienced a significant increase in short interest, rising to 200 shares in July, reflecting a 100% growth from the previous month.
• The company's stock price reached $260.00, and it has a market capitalization of $824.20 million, with a 12-month trading range of $194.48 to $275.89.
• First National Bank Alaska declared a quarterly dividend of $4.00 per share, resulting in an annualized dividend yield of 6.15% with a payout ratio of 71.08%.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 200 shares, agrowthof100.0% from the June 30th total of 100 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.3 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.3 days.

First National Bank Alaska Price Performance

First National Bank Alaska stock traded up $2.00 during mid-day trading on Friday, hitting $265.00. 158 shares of the company were exchanged, compared to its average volume of 349. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $260.96 and a 200 day moving average of $244.12. First National Bank Alaska has a 1-year low of $196.00 and a 1-year high of $275.89. The company has a market capitalization of $840.05 million, a PE ratio of 11.77 and a beta of 0.32.

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.