First National Bank Alaska (OTCMKTS:FBAK) Sees Large Volume Increase – Still a Buy?

First National Bank Alaska (OTCMKTS:FBAK) saw an uptick in trading volume on Friday. Approximately 405 shares traded hands during trading, an increase of 53% from the previous session’s volume of 264 shares. The stock last traded at $331.00 and had previously closed at $328.50.

First National Bank Alaska Trading Up 1.4%

The stock has a market cap of $1.05 billion, a PE ratio of 12.57 and a beta of 0.26. The company has a fifty day moving average of $330.09 and a 200-day moving average of $323.69.

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 for the quarter. First National Bank Alaska had a net margin of 30.38% and a return on equity of 14.65%. The firm had revenue of $57.69 million for the quarter.

Hedge Funds 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 First National Bank Alaska (OTCMKTS:FBAK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 reporting period.

First National Bank Alaska Company Profile

First National Bank Alaska is a community bank headquartered in Anchorage, Alaska. Founded in 1922, the bank serves individuals, businesses, nonprofit organizations and government entities throughout the state and is one of Alaska’s longstanding locally owned financial institutions.

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