First National Bank Alaska (OTCMKTS:FBAK) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• First National Bank Alaska shares have crossed above their 50-day moving average of $268.95, indicating potential upward momentum, with recent trading peaking at $274.00.
• The bank reported a quarterly earnings per share of $5.80 and revenue of $52.52 million as of August 8th.
• Additionally, the company increased its dividend from $3.20 to $4.00 per share, reflecting a significant yield of 575.0%.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $268.95 and traded as high as $274.00. First National Bank Alaska shares last traded at $272.00, with a volume of 912 shares trading hands.

First National Bank Alaska Price Performance

The stock has a 50-day moving average of $268.95 and a 200-day moving average of $256.99. The firm has a market cap of $861.42 million, a price-to-earnings ratio of 11.64 and a beta of 0.21.

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

First National Bank Alaska Increases Dividend

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

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