First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Down – Here’s Why

Shares of First National Bank Alaska (OTCMKTS:FBAK) gapped down before the market opened on Tuesday . The stock had previously closed at $337.7525, but opened at $285.00. First National Bank Alaska shares last traded at $332.60, with a volume of 5 shares trading hands.

First National Bank Alaska Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.67. The company’s 50 day moving average price is $325.57 and its 200-day moving average price is $320.97. The stock has a market cap of $1.05 billion, a P/E ratio of 12.53 and a beta of 0.27.

First National Bank Alaska (OTCMKTS:FBAK) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $6.58 EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On First National Bank Alaska

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