First National Bank Alaska (OTCMKTS:FBAK) Trading Down 6.5% - Here's Why

Key Points

• First National Bank Alaska shares fell by 6.5% on Monday, trading as low as $260.02.
• The company's quarterly earnings report revealed an EPS of $5.80 with a revenue of $52.52 million.
• First National Bank Alaska has a market capitalization of $867 million and a PE ratio of 11.70.

Shares of First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) were down 6.5% during trading on Monday . The stock traded as low as $260.02 and last traded at $260.02. Approximately 16 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 405 shares. The stock had previously closed at $278.15.

First National Bank Alaska Price Performance

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 company's 50 day moving average is $262.87 and its 200 day moving average is $248.47. The firm has a market capitalization of $877.30 million, a price-to-earnings ratio of 11.58 and a beta of 0.32.

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

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.