First National Bank Alaska (OTCMKTS:FBAK) Releases Quarterly Earnings Results

First National Bank Alaska (OTCMKTS:FBAK) posted its quarterly earnings results on Tuesday. The financial services provider reported $6.75 EPS for the quarter, Zacks reports.

First National Bank Alaska Stock Performance

Shares of OTCMKTS FBAK traded down $0.16 during trading on Tuesday, hitting $279.74. 262 shares of the company were exchanged, compared to its average volume of 376. First National Bank Alaska has a 12-month low of $207.00 and a 12-month high of $280.00. The company has a fifty day moving average price of $271.41 and a 200-day moving average price of $262.69. The firm has a market capitalization of $885.94 million, a PE ratio of 11.97 and a beta of 0.21.

First National Bank Alaska Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a dividend of $4.00 per share. The ex-dividend date was Friday, August 29th. This represents a dividend yield of 575.0%. This is a boost from First National Bank Alaska’s previous dividend of $3.20. First National Bank Alaska’s payout ratio is presently 68.46%.

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.