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NYSE:PRK

Park National (PRK) Stock Price, News & Analysis

Park National logo
$194.66 -0.19 (-0.10%)
(As of 11/13/2024 ET)

About Park National Stock (NYSE:PRK)

Key Stats

Today's Range
$193.36
$200.00
50-Day Range
$160.00
$206.49
52-Week Range
$107.75
$207.51
Volume
46,724 shs
Average Volume
52,369 shs
Market Capitalization
$3.15 billion
P/E Ratio
23.04
Dividend Yield
2.18%
Price Target
$130.00
Consensus Rating
Hold

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.

Park National Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
19th Percentile Overall Score

PRK MarketRank™: 

Park National scored higher than 19% of companies evaluated by MarketBeat, and ranked 910th out of 959 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Park National's stock forecast and price target.
  • 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 23.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.23.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Park National is 23.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.60.

  • Price to Book Value per Share Ratio

    Park National has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for PRK.
  • Dividend Yield

    Park National pays a meaningful dividend of 2.18%, 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.

  • Read more about Park National's dividend.
  • Short Interest

    There is no current short interest data available for PRK.
  • News Sentiment

    Park National has a news sentiment score of 0.01. 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 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 27 news articles for Park National this week, compared to 50 articles on an average week.
  • 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.

  • Read more about Park National's insider trading history.
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PRK Stock News Headlines

3 Dirt-Cheap Stocks You Can’t Afford to Ignore
Often, investors will overlook stocks just because they're cheap. It's a common thought that a cheap price tag means that something must be wrong with the company. But this couldn't be further from the case in many instances.
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PRK Stock Analysis - Frequently Asked Questions

Park National's stock was trading at $132.86 at the beginning of the year. Since then, PRK stock has increased by 46.5% and is now trading at $194.66.
View the best growth stocks for 2024 here
.

Park National Co. (NYSE:PRK) announced its quarterly earnings results on Monday, January, 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.09. The business had revenue of $140.73 million for the quarter, compared to the consensus estimate of $119.14 million. Park National had a net margin of 22.09% and a trailing twelve-month return on equity of 12.05%.

Park National's top institutional investors include Park National Corp OH (7.18%), Charles Schwab Investment Management Inc. (1.11%), Principal Financial Group Inc. (0.42%) and Citigroup Inc. (0.14%). Insiders that own company stock include Dan Delawder and Mark R Ramser.
View institutional ownership trends
.

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.

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 9/10 Dividend
8/16/2024
Dividend Payable
9/10/2024
Today
11/13/2024
Ex-Dividend for 12/10 Dividend
11/15/2024
Dividend Payable
12/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Banking
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
-33.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$126.73 million
Pretax Margin
26.89%

Debt

Sales & Book Value

Annual Sales
$564.30 million
Cash Flow
$8.89 per share
Book Value
$76.70 per share

Miscellaneous

Free Float
15,723,000
Market Cap
$3.14 billion
Optionable
Optionable
Beta
0.70
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This page (NYSE:PRK) was last updated on 11/13/2024 by MarketBeat.com Staff
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