First National Bank Alaska (OTCMKTS:FBAK) Sets New 1-Year High - Here's Why

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) shares hit a new 52-week high 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 0.5%

The company has a market cap of $868.58 million, a price-to-earnings ratio of 11.72 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. The business has a fifty day moving average price of $266.47 and a two-hundred day moving average price of $253.04.

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

First National Bank Alaska Increases Dividend

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