First National Bank Alaska (OTCMKTS:FBAK) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• First National Bank Alaska's stock price has recently moved above its 50-day moving average of $270.14, indicating potential bullish momentum with a latest trading price of $270.00.
• The bank announced a significant increase in its dividend to $4.00, resulting in a high yield of 575.0% compared to the previous dividend of $3.20.
• In its latest quarterly earnings, the bank reported an EPS of $5.80 with a revenue of $52.52 million, reflecting strong financial performance.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $270.14 and traded as high as $270.70. First National Bank Alaska shares last traded at $270.00, with a volume of 117 shares trading hands.

First National Bank Alaska Stock Performance

The company has a market cap of $855.90 million, a PE ratio of 11.55 and a beta of 0.21. The firm's 50 day moving average is $270.14 and its 200-day moving average is $258.36.

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 (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. Shareholders of record on Monday, September 1st were issued a $4.00 dividend. This represents a yield of 575.0%. The ex-dividend date was Friday, August 29th. This is a positive change from First National Bank Alaska's previous dividend of $3.20. First National Bank Alaska's dividend payout ratio (DPR) is presently 68.46%.

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.

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