First National Bank Alaska (OTCMKTS:FBAK) Sees Significant Increase in Short Interest

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 161 shares, an increase of 83.0% from the July 30th total of 88 shares. Based on an average daily trading volume, of 257 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

First National Bank Alaska Stock Performance

FBAK stock traded down $0.05 during trading hours on Monday, hitting $337.70. 6 shares of the stock were exchanged, compared to its average volume of 278. First National Bank Alaska has a 12 month low of $257.01 and a 12 month high of $343.00. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.07 billion, a P/E ratio of 12.82 and a beta of 0.26. The company has a 50-day simple moving average of $324.80 and a two-hundred day simple moving average of $320.48.

First National Bank Alaska (OTCMKTS:FBAK) last announced 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 company had revenue of $57.69 million during the quarter.

Institutional Trading of First National Bank Alaska

A hedge fund recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. bought a new position in shares of First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter.

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.