Park National (PRK) Stock Price, News & Analysis

Company Overview

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services. It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; originates financing leases primarily for the purchase of commercial vehicles, operating/manufacturing equipment, and municipal vehicles/equipment; consumer loans, such as automobile loans; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, the company offers aircraft financing services; and ParkDirect, a personal banking application. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.

Key Stats

• Today's Range: $167.36 to $175.91
• 50-Day Range: $166.91 to $206.49
• 52-Week Range: $123.08 to $207.99
• Volume: 249,552 shs
• Average Volume: 53,619 shs
• Market Capitalization: $2.80 billion
• P/E Ratio: 20.54
• Dividend Yield: 2.44%
• Price Target: $130.00
• Consensus Rating: Hold

Park National Stock Analysis - MarketRank™

Park National scored higher than 17% of companies evaluated by MarketBeat, and ranked 886th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Park National has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Park National has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -3.29%

Earnings Growth

Earnings for Park National are expected to decrease by -3.29% in the coming year, from $9.12 to $8.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Park National is 20.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Park National is 20.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 27.94.

Price to Book Value per Share Ratio

Park National has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PRK.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Park National pays a meaningful dividend of 2.26%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Park National does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Park National is 50.18%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Park National will have a dividend payout ratio of 48.07% next year. This indicates that Park National will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PRK.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.29

News Sentiment

Park National has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Park National this week, compared to 45 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Park National insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.70% of the stock of Park National is held by insiders.

Percentage Held by Institutions

62.65% of the stock of Park National is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PRK Stock Analysis - Frequently Asked Questions

How have PRK shares performed this year?

Park National's stock was trading at $132.86 at the start of the year. Since then, PRK stock has increased by 30.6% and is now trading at $173.58.
View the best growth stocks for 2024 here.

How were Park National's earnings last quarter?

Park National Co. (NYSE:PRK) released its quarterly earnings data on Monday, January, 22nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.91 by $0.09. The firm earned $140.73 million during the quarter, compared to analysts' expectations of $119.14 million. Park National had a trailing twelve-month return on equity of 12.05% and a net margin of 22.09%.

Who are Park National's major shareholders?

Top institutional shareholders of Park National include Park National Corp OH (7.18%), State Street Corp (3.91%), Geode Capital Management LLC (2.07%) and Wellington Management Group LLP. Insiders that own company stock include Dan Delawder and Mark R Ramser.
View institutional ownership trends.

How do I buy shares of Park National?

Shares of PRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Park National own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Park National investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 1/22/2024
• Ex-Dividend for 12/10 Dividend: 11/15/2024
• Dividend Payable: 12/10/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NYSE:PRK
• CUSIP: N/A
• CIK: 805676
• Web: www.parknationalcorp.com
• Phone: (740) 349-8451
• Fax: 740-349-3765
• Employees: 1,799
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $130.00
• High Stock Price Target: $130.00
• Low Stock Price Target: $130.00
• Potential Upside/Downside: -25.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.45
• Trailing P/E Ratio: 20.54
• Forward P/E Ratio: 19.03
• P/E Growth: N/A
• Net Income: $126.73 million
• Net Margins: 22.09%
• Pretax Margin: 26.89%
• Return on Equity: 12.05%
• Return on Assets: 1.44%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 0.95
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $496.69 million
• Price / Sales: 5.65
• Cash Flow: $8.28 per share
• Price / Cash Flow: 20.97
• Book Value: $71.06 per share
• Price / Book: 2.44

Miscellaneous

• Outstanding Shares: 16,159,000
• Free Float: 15,723,000
• Market Cap: $2.80 billion
• Optionable: Optionable
• Beta: 0.72