OTCPK:FBAKBanks
First National Bank Alaska (FBAK) Stock Stays Flat As Dividend Doubts Persist
First National Bank Alaska stock barely flinched after earnings, with the share price essentially flat. This suggests investors saw nothing to force a rethink of the long term thesis. The bank that markets know for steady profitability again reported double digit trailing earnings growth and a net profit margin in the high 30s. That combination keeps the core story intact. The real tension for you as an investor now lies between that earnings power and a stock that trades at a P/E of 12.7x...