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

First National Bank Alaska (OTCMKTS:FBAK) gapped down before the market opened on Wednesday . The stock had previously closed at $334.47, but opened at $312.00. First National Bank Alaska shares last traded at $320.00, with a volume of 66 shares traded.

First National Bank Alaska Stock Down 4.3%

The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $325.43 and its 200-day moving average price is $309.78. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 12.52 and a beta of 0.25.

First National Bank Alaska (OTCMKTS:FBAK) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $6.68 earnings per share for the quarter. First National Bank Alaska had a return on equity of 14.23% and a net margin of 30.01%.

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.