First National Bank Alaska (OTCMKTS:FBAK) Stock Short Interest Report for October

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 64 shares, a growth of 6,300.0% from the September 30th total of 1 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 757 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First National Bank Alaska

A hedge fund recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. acquired a new stake in First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to its most recent filing with the SEC. 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 0.16% of First National Bank Alaska at the end of the most recent quarter.

First National Bank Alaska Stock Performance

Shares of FBAK stock opened at $325.00 on Tuesday. The firm has a fifty day moving average of $329.20 and a 200-day moving average of $319.93. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 12.34 and a beta of 0.26. First National Bank Alaska has a 52-week low of $268.00 and a 52-week high of $343.00.

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

First National Bank Alaska Company Profile

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.