Park National Co. (PRK) Receives Consensus Rating of “Hold” from Brokerages
Park National Co. (NYSE:PRK) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Zacks has also assigned Park National an industry rank of 161 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Park National from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th.
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Shares of Park National (NYSE:PRK) traded up 0.96% on Wednesday, hitting $95.92. The stock had a trading volume of 9,649 shares. Park National has a 52 week low of $79.01 and a 52 week high of $104.58. The company has a market cap of $1.47 billion and a price-to-earnings ratio of 18.55. The firm has a 50 day moving average price of $95.37 and a 200-day moving average price of $92.41.
Park National (NYSE:PRK) last released its quarterly earnings data on Monday, July 25th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by $0.08. Analysts anticipate that Park National will post $5.31 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Park National by 104.5% in the third quarter. BNP Paribas Arbitrage SA now owns 1,084 shares of the company’s stock worth $104,000 after buying an additional 554 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Park National by 13.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,235 shares of the company’s stock worth $5,070,000 after buying an additional 6,702 shares in the last quarter. Stifel Financial Corp boosted its stake in Park National by 23.8% in the second quarter. Stifel Financial Corp now owns 76,090 shares of the company’s stock worth $6,983,000 after buying an additional 14,641 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Park National by 0.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,773 shares of the company’s stock worth $897,000 after buying an additional 76 shares in the last quarter.
Park National Company Profile
Park National Corporation (Park) is a financial holding company. The Company’s banking operations are conducted through The Park National Bank. The Company’s segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH). The Park National Bank is engaged in the commercial banking and trust business, generally in small and medium population Ohio communities.
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