First National Bank Alaska Announces Quarterly Dividend of $4.00

First National Bank Alaska (OTCMKTS:FBAK) announced a quarterly dividend on Monday, February 3rd. Shareholders who are on record by Friday, February 28th will receive a dividend of $4.00 per share on Monday, March 17th. This marks an annualized dividend of $16.00 and offers a yield of 7.11%. Additionally, the ex-dividend date is set for Friday, February 28th. Notably, this is an increase from the previous quarterly dividend of $3.20 that First National Bank Alaska issued.

Recent Stock Performance

On Tuesday, shares of FBAK decreased by 1.2%, dropping to $225.00. A total of 1,025 shares changed hands, which is higher than the average volume of 378 shares. The bank’s stock has a 50-day moving average of $228.20 and a 200-day moving average of $214.56. The market capitalization of First National Bank Alaska stands at $713.25 million, and it has a P/E ratio of 11.19 along with a beta of 0.31. Over the past year, the stock has ranged from a low of $190.00 to a high of $243.98.

First National Bank Alaska also disclosed its earnings results on November 6th, reporting earnings per share (EPS) of $5.68 for that quarter.

About First National Bank Alaska

First National Bank Alaska is a commercial bank that offers a variety of banking products and services. It serves business, industrial, and individual customers primarily in Alaska. The bank provides various products including savings and checking accounts, money market deposits, certificates of deposit, individual retirement accounts, personal loans, home equity loans, and construction loans, among others.

Investment Considerations

Before investing in First National Bank Alaska, potential investors might want to consider various options available in the market. Currently, the bank holds a "Hold" rating among analysts. However, there are other stocks that analysts believe are more favorable at this time. It may be wise to review suggestions from top-rated analysts to uncover potential alternatives.

For individuals looking to maximize their retirement accounts, it is beneficial to explore informed investing strategies that align with their long-term goals.

dividend, stocks, bank