First National Bank Alaska (OTCMKTS:FBAK) Shares Gap Up – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK) shares gapped up before the market opened on Tuesday . The stock had previously closed at $320.00, but opened at $330.00. First National Bank Alaska shares last traded at $330.00, with a volume of 16 shares traded.

First National Bank Alaska Trading Down 4.0%

The stock has a market cap of $998.58 million, a price-to-earnings ratio of 11.96 and a beta of 0.27. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $327.09 and its 200 day simple moving average is $322.09.

First National Bank Alaska (OTCMKTS:FBAK) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $6.58 earnings per share for the quarter. The company 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%.

Institutional Trading of First National Bank Alaska

An institutional investor 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) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

About First National Bank Alaska

First National Bank Alaska is a full-service commercial bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state.

The bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial credit, cash-management services and electronic banking.