Park National Corp. Sees Large Increase in Short Interest (PRK)
Shares of Park National Corp. (NYSE:PRK) were the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 824,960 shares, a growth of 0.0% from the July 15th total of 825,045 shares, AnalystRatings.Net reports. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily volume of 29,128 shares, the days-to-cover ratio is currently 28.3 days.
Separately, analysts at Zacks upgraded shares of Park National Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $86.70 price target on the stock.
Park National Corp. (NYSE:PRK) opened at 77.44 on Thursday. Park National Corp. has a one year low of $70.51 and a one year high of $86.78. The stock has a 50-day moving average of $76.0 and a 200-day moving average of $76.02. The company has a market cap of $1.192 billion and a price-to-earnings ratio of 15.13.
Park National Corp. (NYSE:PRK) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.25. During the same quarter in the previous year, the company posted $1.30 earnings per share. Analysts expect that Park National Corp. will post $5.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Wednesday, August 20th.
Park National Corporation (NYSE:PRK), is a bank holding company.
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