First National Bank Alaska (OTCMKTS:FBAK) Announces Earnings Results

First National Bank Alaska (OTCMKTS:FBAK) announced its quarterly earnings results on Wednesday. The financial services provider reported $6.29 EPS for the quarter, Zacks reports. The company had revenue of $51.86 million during the quarter.

First National Bank Alaska Trading Up 0.7 %

Shares of FBAK stock traded up $1.60 during trading hours on Friday, reaching $237.00. The company’s stock had a trading volume of 360 shares, compared to its average volume of 603. First National Bank Alaska has a one year low of $190.00 and a one year high of $243.98. The stock has a market capitalization of $751.29 million, a P/E ratio of 11.79 and a beta of 0.31. The firm’s fifty day simple moving average is $228.11 and its 200 day simple moving average is $217.32.

First National Bank Alaska Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $4.00 dividend. This is a positive change from First National Bank Alaska’s previous quarterly dividend of $3.20. This represents a $16.00 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date is Friday, February 28th. First National Bank Alaska’s dividend payout ratio (DPR) is currently 63.65%.

About First National Bank Alaska

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.