Short Interest in First National Bank Alaska (OTCMKTS:FBAK) Increases By 154.7%

First National Bank Alaska (OTCMKTS:FBAK) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 135 shares, a growth of 154.7% from the April 30th total of 53 shares. Based on an average trading volume of 261 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold.

First National Bank Alaska Trading Down 0.6%

FBAK opened at $338.00 on Friday. First National Bank Alaska has a fifty-two week low of $242.00 and a fifty-two week high of $343.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.67 and a quick ratio of 0.66. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.22 and a beta of 0.25. The company’s 50 day moving average price is $321.57 and its two-hundred day moving average price is $307.06.

First National Bank Alaska (OTCMKTS:FBAK) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $6.68 earnings per share for the quarter. First National Bank Alaska had a net margin of 30.01% and a return on equity of 14.23%.

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.