First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down - What's Next?

Key Points

• First National Bank Alaska's shares gapped down from a previous close of $272.75 to $265.00 at market opening, with a trading volume of 7 shares.
• The bank recently declared an increased dividend of $4.00 per share, up from the previous $3.20, representing a yield of 575.0%.
• For the last quarter, the bank reported earnings of $5.80 per share and revenue of $52.52 million.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $272.75, but opened at $265.00. First National Bank Alaska shares last traded at $265.00, with a volume of 7 shares.

First National Bank Alaska Trading Down 0.4%

The business's fifty day simple moving average is $269.41 and its two-hundred day simple moving average is $257.19. The stock has a market capitalization of $861.45 million, a P/E ratio of 11.63 and a beta of 0.21.

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 for the quarter. The company had revenue of $52.52 million during the quarter.

First National Bank Alaska Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $4.00 dividend. This is a boost from First National Bank Alaska's previous dividend of $3.20. The ex-dividend date of this dividend was Friday, August 29th. This represents a yield of 575.0%. First National Bank Alaska's 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.

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