First National Bank Alaska (OTCMKTS:FBAK) Short Interest Down 54.1% in May

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 62 shares, a decline of 54.1% from the May 14th total of 135 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 456 shares, the days-to-cover ratio is currently 0.1 days.

First National Bank Alaska Price Performance

OTCMKTS FBAK traded up $4.40 during trading hours on Monday, hitting $324.39. 1,070 shares of the company’s stock traded hands, compared to its average volume of 324. First National Bank Alaska has a 52-week low of $250.00 and a 52-week high of $343.00. The company has a market capitalization of $1.03 billion, a PE ratio of 12.69 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.66. The firm’s 50-day moving average is $326.51 and its 200-day moving average is $310.61.

First National Bank Alaska (OTCMKTS:FBAK) last released 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 net margin of 30.01% and a return on equity of 14.23%.

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.