First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down - Should You Sell?

Key Points

• First National Bank Alaska's shares gapped down from $274.00 to $265.00 prior to trading, with a low trading volume of only 51 shares.
• The bank recently reported a quarterly EPS of $5.80 and a revenue of $52.52 million, while also increasing its dividend to $4.00, yielding an impressive 575.0%.
• Despite the share price decline, the company's low debt-to-equity ratio of 0.03 indicates strong financial health.

Shares of First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $274.00, but opened at $265.00. First National Bank Alaska shares last traded at $265.00, with a volume of 51 shares changing hands.

First National Bank Alaska Stock Performance

The firm has a market cap of $863.51 million, a P/E ratio of 11.66 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's fifty day simple moving average is $266.96 and its 200-day simple moving average is $253.73.

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

First National Bank Alaska Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from First National Bank Alaska's previous dividend of $3.20. This represents a yield of 575.0%. 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.