First National Bank Alaska (OTCMKTS:FBAK) Sets New 52-Week High - Here's What Happened

Key Points

• First National Bank Alaska shares reached a new 52-week high of $280.00 on the market, with a trading volume of just 16 shares.
• The bank recently reported a quarterly earnings figure of $5.80 per share and a revenue of $52.52 million.
• In addition, the company announced an increase in its dividend to $4.00, up from the previous $3.20, resulting in a substantial yield of 575.0%.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $280.00 and last traded at $280.00, with a volume of 16 shares changing hands. The stock had previously closed at $274.00.

First National Bank Alaska Stock Up 2.9%

The business has a fifty day moving average of $266.23 and a 200 day moving average of $252.91. The company has a market capitalization of $863.80 million, a PE ratio of 11.67 and a beta of 0.24. 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 (OTCMKTS:FBAK - Get Free Report) last announced its earnings results on Friday, August 8th. The financial services provider reported $5.80 EPS for the quarter. The firm had revenue of $52.52 million for the quarter.

First National Bank Alaska Increases Dividend

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