Short Interest in First National Bank Alaska (OTCMKTS:FBAK) Expands By 300.0%

Key Points

• Short interest in First National Bank Alaska increased by 300.0% in September, reaching a total of 400 shares, which indicates a significant shift in investor sentiment.
• The bank recently announced a dividend increase to $4.00, up from the previous $3.20, reflecting strong financial performance and a dividend yield of 575.0%.
• First National Bank Alaska reported $5.80 EPS and $52.52 million in revenue for the last quarter, showcasing robust financial health amidst current market activity.

First National Bank Alaska (OTCMKTS:FBAK - Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 400 shares, a growth of 300.0% from the September 15th total of 100 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 0.5 days.

First National Bank Alaska Stock Up 0.0%

OTCMKTS FBAK traded up $0.01 during trading on Friday, hitting $272.00. 1,053 shares of the stock traded hands, compared to its average volume of 357. The company has a market capitalization of $862.24 million, a P/E ratio of 11.64 and a beta of 0.21. The firm has a 50-day simple moving average of $270.76 and a 200-day simple moving average of $259.12. First National Bank Alaska has a 12-month low of $203.00 and a 12-month high of $280.00.

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

First National Bank Alaska Increases Dividend

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