First National Bank Alaska (OTCMKTS:FBAK) Short Interest Update

Key Points

• Short interest fell sharply: First National Bank Alaska’s short interest dropped 89.4% to 17 shares as of August 31, representing 0.0% of shares outstanding and a short-interest ratio of 0.1 days.
• Shares traded higher: FBAK rose $6.17 to $320.00, giving the bank a market capitalization of approximately $1.01 billion. The stock’s 52-week range is $257.01 to $343.00.
• Recent financial and institutional activity: The bank reported quarterly EPS of $6.58 on revenue of $57.69 million, with a 30.38% net margin and 14.65% return on equity. Kahn Brothers Group initiated a position worth about $1.56 million, or roughly 0.16% of the company.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 17 shares, a decrease of 89.4% from the August 15th total of 161 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 320 shares, the short-interest ratio is currently 0.1 days.

First National Bank Alaska Stock Performance

Shares of First National Bank Alaska stock traded up $6.17 during trading on Thursday, hitting $320.00. 199 shares of the company's stock were exchanged, compared to its average volume of 274. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.67. The business has a 50-day simple moving average of $326.85 and a 200-day simple moving average of $321.90. First National Bank Alaska has a 52-week low of $257.01 and a 52-week high of $343.00. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.15 and a beta of 0.27.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.58 EPS for the quarter. The company had revenue of $57.69 million for the quarter. First National Bank Alaska had a net margin of 30.38% and a return on equity of 14.65%.

Institutional Trading of First National Bank Alaska

An institutional investor recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. purchased a new stake in shares of First National Bank Alaska (OTCMKTS:FBAK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,920 shares of the financial services provider's stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 0.16% of First National Bank Alaska at the end of the most recent quarter.

First National Bank Alaska Company Profile

First National Bank Alaska is a community‐oriented financial institution headquartered in Anchorage, Alaska. Established in 1922, the bank has grown to serve individuals, businesses and institutions across Alaska through a network of branch offices and digital channels. As an OTC‐traded company, it offers broad commercial and consumer banking services tailored to the unique economic and geographic needs of the state.

The bank's consumer banking operations include checking and savings accounts, personal loans, mortgages and online banking solutions.

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