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

First National Bank Alaska (OTCMKTS:FBAK – Get Free Report) saw a significant 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. Based on an average daily volume of 390 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

First National Bank Alaska Price Performance

Shares of FBAK stock traded down $2.00 during trading hours on Monday, hitting $330.00. 72 shares of the company’s stock were exchanged, compared to its average volume of 265. First National Bank Alaska has a fifty-two week low of $257.01 and a fifty-two week high of $343.00. The firm has a market cap of $1.05 billion, a P/E ratio of 12.53 and a beta of 0.27. 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 firm has a 50 day moving average of $329.38 and a two-hundred day moving average of $323.02.

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First National Bank Alaska (OTCMKTS:FBAK – Get Free Report) last released 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

A hedge fund recently bought a new stake in First National Bank Alaska stock. Kahn Brothers Group Inc. acquired a new position in First National Bank Alaska (OTCMKTS:FBAK – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,920 shares of the financial services provider’s stock, valued at approximately $1,556,000. Kahn Brothers Group Inc. owned about 0.16% of First National Bank Alaska at the end of the most recent quarter.

About First National Bank Alaska

(Get Free Report)

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.

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