First National Bank Alaska (OTCMKTS:FBAK) Shares Shorted: Short Interest Down 58.8% in September

First National Bank Alaska (OTCMKTS:FBAK) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 7 shares, a drop of 58.8% from the August 31st total of 17 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 390 shares, the days-to-cover ratio is currently 0.0 days.

First National Bank Alaska Stock Performance

Shares of OTCMKTS:FBAK traded down $2.00 during trading on Monday, hitting $330.00. 72 shares of the stock traded hands, compared to its average volume of 265. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $329.38 and a two-hundred day moving average price of $323.02. First National Bank Alaska has a 52-week low of $257.01 and a 52-week high of $343.00. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 12.53 and a beta of 0.27.

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

Institutional Investors Weigh In On First National Bank Alaska

An institutional investor recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. bought a new stake in shares of First National Bank Alaska (OTCMKTS:FBAK) during the second quarter, according to its most recent 13F filing with the Securities and 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 as of its most recent SEC filing.

First National Bank Alaska Company Profile

First National Bank Alaska is a full-service commercial bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state.

The bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, commercial credit, cash-management services and electronic banking.