First National Bank Alaska (OTCMKTS:FBAK) Sees Strong Trading Volume - Time to Buy?

Key Points

• First National Bank Alaska saw a significant increase in trading volume, with 1,374 shares traded, up 259% from the previous session.
• The bank's recent earnings report showed a strong EPS of $5.80 and revenue of $52.52 million for the quarter.
• A recent dividend increase to $4.00 per share from the previous $3.20 reflects a notable dividend yield of 575.0%.

Shares of First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) saw strong trading volume on Wednesday . 1,374 shares were traded during trading, an increase of 259% from the previous session's volume of 383 shares.The stock last traded at $269.00 and had previously closed at $275.00.

First National Bank Alaska Trading Down 2.2%

The firm has a market capitalization of $852.73 million, a P/E ratio of 11.51 and a beta of 0.24. 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 firm's 50-day simple moving average is $267.32 and its 200-day simple moving average is $254.44.

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 Increases Dividend

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

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.

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