First National Bank Alaska (OTCMKTS:FBAK) Sees Significant Increase in Short Interest

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 134 shares, a growth of 13,300.0% from the June 15th total of 1 shares. Based on an average trading volume of 508 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

First National Bank Alaska Stock Up 1.5%

Shares of OTCMKTS FBAK traded up $4.76 during mid-day trading on Friday, hitting $317.01. 283 shares of the stock traded hands, compared to its average volume of 314. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. The stock has a fifty day moving average price of $327.31 and a 200-day moving average price of $314.14. First National Bank Alaska has a 52 week low of $250.00 and a 52 week high of $343.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.67.

First National Bank Alaska (OTCMKTS:FBAK) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $6.68 EPS for the quarter. First National Bank Alaska had a return on equity of 14.23% and a net margin of 30.01%.

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.