First National Bank Alaska (OTCMKTS:FBAK) Shares Break Below 200 Day Moving Average – Should You Sell?

First National Bank Alaska (OTCMKTS:FBAK) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $325.73 and traded as low as $317.50. First National Bank Alaska shares last traded at $327.00, with a volume of 90 shares.

First National Bank Alaska Stock Performance

The stock has a market cap of $1.05 billion, a PE ratio of 12.52 and a beta of 0.26. The company’s 50-day moving average price is $329.49 and its 200 day moving average price is $325.93.

First National Bank Alaska (OTCMKTS:FBAK) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share for the quarter. The company had revenue of $57.69 million during the quarter. First National Bank Alaska had a return on equity of 14.65% and a net margin of 30.38%.

Hedge Funds Weigh In On First National Bank Alaska

A hedge fund recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. acquired a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned about 0.16% of First National Bank Alaska at the end of the most recent quarter.

About First National Bank Alaska

First National Bank Alaska (OTCMKTS:FBAK) is an Alaska-based commercial bank headquartered in Anchorage. Founded in 1922, the bank provides financial services to individuals, businesses, nonprofit organizations and government entities throughout the state.

The bank offers deposit accounts, consumer and mortgage lending, commercial and real estate financing, cash-management services, online and mobile banking, and other traditional banking products. Its business banking activities include credit facilities and treasury services designed to support Alaska companies across a range of industries.

First National Bank Alaska serves customers through a statewide branch network and electronic banking channels.