Kahn Brothers Group Inc. purchased a new position in First National Bank Alaska (OTCMKTS:FBAK – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000.
First National Bank Alaska Trading Up 0.0%
OTCMKTS FBAK opened at $336.61 on Friday. First National Bank Alaska has a 12 month low of $257.01 and a 12 month high of $343.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.66. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.78 and a beta of 0.26. The company’s fifty day moving average price is $324.45 and its two-hundred day moving average price is $320.27.
First National Bank Alaska (OTCMKTS:FBAK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $6.58 EPS for the quarter. The business 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%.
First National Bank Alaska Profile
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.
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