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home / news releases / FBAK - First National Bank Alaska: Attractively Valued With A Mouth-Watering Dividend Yield


FBAK - First National Bank Alaska: Attractively Valued With A Mouth-Watering Dividend Yield

2024-03-14 18:23:31 ET

Summary

  • I’m expecting flattish earnings this year, as below-average loan growth will likely counter the effect of margin contraction.
  • My updated earnings estimate is almost the same as my previous estimate.
  • FBAK is offering a high dividend yield of 6.4% excluding the annual special dividend, and 8.0% including the special dividend.
  • The December 2024 target price suggests a high price upside. I’m maintaining a Buy rating on FBAK.

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For further details see:

First National Bank Alaska: Attractively Valued With A Mouth-Watering Dividend Yield
Stock Information

Company Name: First National Bank Alaska
Stock Symbol: FBAK
Market: OTC
Website: fnbalaska.com

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