First National Bank Alaska (OTCMKTS:FBAK) Stock Price Down 6.5% - Time to Sell?

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.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report)'s share price was down 6.5% on Monday . The company traded as low as $260.02 and last traded at $260.02. Approximately 16 shares traded 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 stock's 50 day moving average price is $262.87 and its two-hundred day moving average price is $248.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $877.30 million, a price-to-earnings ratio of 11.84 and a beta of 0.32.

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

First National Bank Alaska Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a $4.00 dividend. The ex-dividend date is 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 dividend payout ratio is 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.