First National Bank Alaska (OTCMKTS:FBAK) Stock Short Interest Report for October

First National Bank Alaska (OTCMKTS:FBAK) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 64 shares, a growth of 6,300.0% from the September 30th total of 1 shares. Based on an average daily trading volume, of 757 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On First National Bank Alaska

An institutional investor recently bought a new position in First National Bank Alaska stock. Kahn Brothers Group Inc. purchased a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned approximately 0.16% of First National Bank Alaska at the end of the most recent quarter.

First National Bank Alaska Trading Down 1.8%

Shares of First National Bank Alaska stock traded down $6.00 during trading hours on Monday, reaching $325.00. The stock had a trading volume of 326 shares, compared to its average volume of 265. The stock’s 50 day moving average is $329.26 and its 200 day moving average is $326.61. The firm has a market capitalization of $1.03 billion, a PE ratio of 12.34 and a beta of 0.26. First National Bank Alaska has a twelve month low of $268.00 and a twelve month high of $343.00.

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

About First National Bank Alaska

First National Bank Alaska (OTCMKTS:FBAK) is an Alaska-based commercial bank headquartered in Anchorage. Founded in 1922, the bank provides financial services to individuals, businesses, nonprofit organizations and government entities throughout the state.

The bank offers deposit accounts, consumer and mortgage lending, commercial and real estate financing, cash-management services, online and mobile banking, and other traditional banking products. Its business banking activities include credit facilities and treasury services designed to support Alaska companies across a range of industries.

First National Bank Alaska serves customers through a statewide branch network and electronic banking channels.