First National Bank Alaska (OTCMKTS:FBAK) Stock Price Up 7.6% – Still a Buy?

Shares of First National Bank Alaska (OTCMKTS:FBAK) traded up 7.6% during trading on Friday . The stock traded as high as $307.74 and last traded at $307.74. 638 shares traded hands during trading, an increase of 72% from the average session volume of 370 shares. The stock had previously closed at $286.00.

First National Bank Alaska Trading Up 7.6%

The stock has a market capitalization of $974.61 million, a P/E ratio of 13.17 and a beta of 0.19. The stock’s fifty day moving average price is $275.33 and its two-hundred day moving average price is $267.48.

First National Bank Alaska (OTCMKTS:FBAK) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $6.75 earnings per share (EPS) for the quarter. The company had revenue of $56.17 million for the quarter.

First National Bank Alaska Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a yield of 561.0%. The ex-dividend date is Monday, December 1st. First National Bank Alaska’s dividend payout ratio is currently 65.47%.

About First National Bank Alaska

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.