First National Bank Alaska (OTCMKTS:FBAK) Trading 1.2% Higher – Time to Buy?

First National Bank Alaska (OTCMKTS:FBAK)’s stock price rose 1.2% during mid-day trading on Friday . The company traded as high as $232.75 and last traded at $232.67. Approximately 204 shares traded hands during trading, a decline of 39% from the average daily volume of 335 shares. The stock had previously closed at $230.00.

First National Bank Alaska Price Performance

The company has a market cap of $737.56 million, a price-to-earnings ratio of 11.57 and a beta of 0.32. The firm has a 50-day moving average price of $220.39 and a 200 day moving average price of $206.74.

First National Bank Alaska Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Sunday, December 1st will be issued a $3.20 dividend. This represents a $12.80 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Friday, November 29th. First National Bank Alaska’s dividend payout ratio is 63.65%.

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.