First National Bank Alaska (OTCMKTS:FBAK) Short Interest Update

First National Bank Alaska (OTCMKTS:FBAK) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 88 shares, a drop of 36.7% from the July 15th total of 139 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 353 shares, the days-to-cover ratio is presently 0.2 days.

First National Bank Alaska Stock Performance

Shares of FBAK opened at $335.00 on Wednesday. The company has a market capitalization of $1.06 billion, a PE ratio of 12.72 and a beta of 0.26. 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 $322.14 and its 200 day moving average price is $318.77. First National Bank Alaska has a 52 week low of $257.01 and a 52 week high of $343.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. bought a new position in First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.

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.