Short Interest in Park National Corp. Drops By 1.0% (PRK)
Shares of Park National Corp. (NYSE:PRK) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 816,490 shares, a decline of 1.0% from the July 31st total of 824,960 shares, StockRatingsNetwork.com reports. Approximately 5.5% of the shares of the stock are short sold. Based on an average trading volume of 27,461 shares, the short-interest ratio is presently 29.7 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, August 11th. They now have a $86.70 price target on the stock.
Park National Corp. (NYSE:PRK) opened at 77.14 on Friday. Park National Corp. has a 52-week low of $70.51 and a 52-week high of $86.78. The stock has a 50-day moving average of $75.96 and a 200-day moving average of $75.98. The company has a market cap of $1.187 billion and a P/E ratio of 15.41.
Park National Corp. (NYSE:PRK) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.25. During the same quarter in the prior year, the company posted $1.30 earnings per share. On average, analysts predict that Park National Corp. will post $5.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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 4.82%. The ex-dividend date is Wednesday, August 20th.
Park National Corporation (NYSE:PRK), is a bank holding company.
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