First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down – What’s Next?

First National Bank Alaska (OTCMKTS:FBAK)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $305.00, but opened at $295.00. First National Bank Alaska shares last traded at $295.00, with a volume of 23 shares trading hands.

First National Bank Alaska Price Performance

The firm has a market capitalization of $930.43 million, a price-to-earnings ratio of 12.01 and a beta of 0.17. The business has a fifty day moving average price of $281.64 and a two-hundred day moving average price of $270.96.

First National Bank Alaska (OTCMKTS:FBAK) last issued its earnings results on Tuesday, November 4th. The financial services provider reported $6.75 EPS for the quarter. First National Bank Alaska had a return on equity of 14.98% and a net margin of 29.11%.The firm had revenue of $56.17 million for the quarter.

First National Bank Alaska Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were paid a $4.00 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 561.0%. First National Bank Alaska’s dividend payout ratio is presently 65.47%.

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.