First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Up – What’s Next?

First National Bank Alaska (OTCMKTS:FBAK)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $300.00, but opened at $306.99. First National Bank Alaska shares last traded at $295.00, with a volume of 67 shares trading hands.

First National Bank Alaska Price Performance

The stock has a market capitalization of $950.10 million, a PE ratio of 12.27 and a beta of 0.17. The stock’s fifty day moving average is $285.85 and its 200-day moving average is $273.34.

First National Bank Alaska (OTCMKTS:FBAK) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $6.75 earnings per share for the quarter. The company had revenue of $56.17 million during the quarter. First National Bank Alaska had a net margin of 29.11% and a return on equity of 14.98%.

First National Bank Alaska Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were issued a $4.00 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 561.0%. First National Bank Alaska’s dividend payout ratio is presently 65.47%.

About First National Bank Alaska

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.