Park National Co. (PRK) Announces Quarterly Earnings Results
Park National Co. (NYSEMKT:PRK) released its quarterly earnings results on Monday. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02), Bloomberg Earnings reports. Park National had a return on equity of 10.20% and a net margin of 24.08%.
Park National (NYSEMKT:PRK) traded down 0.66% during midday trading on Monday, hitting $110.52. The stock had a trading volume of 21,025 shares. The stock has a market cap of $1.69 billion, a PE ratio of 19.63 and a beta of 0.85. The firm has a 50 day moving average price of $104.72 and a 200 day moving average price of $103.06. Park National has a one year low of $92.42 and a one year high of $122.88.
Several equities analysts have weighed in on PRK shares. Zacks Investment Research downgraded Park National from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. BidaskClub downgraded Park National from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.
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In other news, Director Leon Zazworsky bought 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $98.92 per share, with a total value of $197,840.00. Following the purchase, the director now directly owns 5,197 shares in the company, valued at $514,087.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
About Park National
Park National Corporation (Park) is a financial holding company. Park’s principal business consists of owning and supervising its subsidiaries. Park’s banking operations are conducted through The Park National Bank (Park National Bank). Its segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH).
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