First National Bank Alaska (OTCMKTS:FBAK) Sees Large Volume Increase – Should You Buy?

First National Bank Alaska (OTCMKTS:FBAK) shares saw an uptick in trading volume on Friday. Approximately 405 shares changed hands during trading, an increase of 53% from the previous session’s volume of 264 shares. The stock last traded at $331.00 and had previously closed at $328.50.

First National Bank Alaska Trading Up 1.4%

The company has a 50 day simple moving average of $330.09 and a 200 day simple moving average of $323.69. The stock has a market capitalization of $1.05 billion, a PE ratio of 12.57 and a beta of 0.26.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position 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 the company in its most recent 13F filing 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 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 community bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state and is one of Alaska’s longstanding locally owned financial institutions.

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