First National Bank Alaska Announces Quarterly Dividend of $4.00

First National Bank Alaska (OTCMKTS:FBAK) has declared a quarterly dividend of $4.00, as announced on Monday, February 3rd. This dividend will be payable to shareholders of record on Friday, February 28th, with payment scheduled for Monday, March 17th. With this declaration, the annualized dividend now stands at $16.00, representing a yield of 7.11%. It's essential to note that Friday, February 28th also marks the ex-dividend date for this announcement. This increase in the quarterly dividend is a rise from the previous payment of $3.20 offered by the bank.

Market Performance

On Tuesday, shares of FBAK experienced a decline of 1.2%, dropping to a price of $225.00. In total, 1,025 shares were traded, which is higher than the average volume of 378 shares for the company. The stock has been demonstrating stability, with a 50-day moving average price of $228.20 and a 200-day moving average price of $214.56. As of now, the market capitalization for First National Bank Alaska is approximately $713.25 million. The stock has a price-to-earnings (P/E) ratio of 11.19 and a beta of 0.31, indicating lower volatility. Over the past year, the stock reached a low of $190.00 and a high of $243.98.

Recent Earnings Report

First National Bank Alaska had its most recent earnings report on November 6th, where it achieved earnings of $5.68 per share for the quarter.

Company Overview

First National Bank Alaska is a commercial bank that specializes in providing a variety of banking services and products tailored for businesses, industries, and individual customers primarily in Alaska. Their offerings include savings and checking accounts, money market deposits, safe deposit services, certificates of deposit, individual retirement accounts, and various types of loans, including personal, home equity, and construction loans.

Investment Considerations

Before making any investment decisions regarding First National Bank Alaska, investors might want to gather insights from various analysts. Currently, the bank holds a “Hold” rating according to analysts’ recommendations. However, they also identify other stocks that may present better investment opportunities. It is beneficial for potential investors to explore these options before committing funds.

dividend, stocks, Alaska