First National Bank Alaska (OTCMKTS:FBAK) Reaches New 52-Week High – Here’s Why

First National Bank Alaska (OTCMKTS:FBAK) hit a new 52-week high during trading on Tuesday . The stock traded as high as $280.00 and last traded at $279.4950, with a volume of 318 shares traded. The stock had previously closed at $277.01.

First National Bank Alaska Stock Performance

The stock has a market capitalization of $885.16 million, a PE ratio of 11.96 and a beta of 0.19. The company’s 50-day moving average price is $272.96 and its 200 day moving average price is $265.34.

First National Bank Alaska (OTCMKTS:FBAK) last released its earnings results on Tuesday, November 4th. The financial services provider reported $6.75 EPS for the quarter. The firm had revenue of $56.17 million during the quarter.

First National Bank Alaska Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a $4.00 dividend. This represents a yield of 575.0%. This is a boost from First National Bank Alaska’s previous dividend of $3.20. The ex-dividend date was Friday, August 29th. First National Bank Alaska’s dividend payout ratio is currently 65.47%.

First National Bank Alaska Company Profile

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.