Short Interest in First National Bank Alaska (OTCMKTS:FBAK) Grows By 83.0%

First National Bank Alaska (OTCMKTS:FBAK) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 161 shares, a growth of 83.0% from the July 30th total of 88 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 257 shares, the short-interest ratio is presently 0.6 days.

First National Bank Alaska Stock Up 0.1%

First National Bank Alaska stock opened at $338.00 on Tuesday. The company has a market capitalization of $1.07 billion, a P/E ratio of 12.83 and a beta of 0.26. The firm’s fifty day simple moving average is $325.09 and its 200-day simple moving average is $320.69. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. First National Bank Alaska has a 1-year low of $257.01 and a 1-year high of $343.00.

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 (EPS) for the quarter. The firm had revenue of $57.69 million during the quarter. First National Bank Alaska had a net margin of 30.38% and a return on equity of 14.65%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. acquired a new stake in shares of First National Bank Alaska (OTCMKTS:FBAK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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.