First National Bank Alaska (OTCMKTS:FBAK) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

First National Bank Alaska (OTCMKTS:FBAK)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $303.09 and traded as high as $309.00. First National Bank Alaska shares last traded at $309.00, with a volume of 353 shares trading hands.

First National Bank Alaska Stock Up 0.7%

The stock has a fifty day moving average price of $303.09 and a 200 day moving average price of $285.21.

First National Bank Alaska (OTCMKTS:FBAK) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $6.33 earnings per share (EPS) for the quarter. The company had revenue of $58.36 million during the quarter. First National Bank Alaska had a return on equity of 14.98% and a net margin of 29.19%.

First National Bank Alaska Announces Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were paid a dividend of $4.00 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 561.0%. First National Bank Alaska’s payout ratio is currently 65.36%.

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.