Short Interest in First National Bank Alaska (OTCMKTS:FBAK) Drops By 36.7%

First National Bank Alaska (OTCMKTS:FBAK) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 88 shares, a decline of 36.7% from the July 15th total of 139 shares. Based on an average daily trading volume, of 353 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. purchased a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 reporting period.

First National Bank Alaska Trading Down 1.2%

FBAK stock traded down $4.00 during trading on Tuesday, hitting $330.00. The company had a trading volume of 178 shares, compared to its average volume of 288. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.05 billion, a PE ratio of 12.53 and a beta of 0.26. The business has a 50-day moving average of $322.13 and a 200-day moving average of $318.58. First National Bank Alaska has a one year low of $257.01 and a one year high of $343.00.

First National Bank Alaska (OTCMKTS:FBAK) last released its earnings results on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share (EPS) 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%.

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.