Park National Co. (PRK) Upgraded at Zacks Investment Research
Park National Co. (NYSE:PRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Park National Corporation is the bank holding company for The Park National Bank, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co. and The Citizens National Bank of Urbana. “
Shares of Park National (NYSE:PRK) opened at 96.44 on Tuesday. The stock’s 50 day moving average is $95.39 and its 200 day moving average is $92.21. The stock has a market cap of $1.48 billion and a price-to-earnings ratio of 18.65. Park National has a 52 week low of $79.01 and a 52 week high of $104.58.
Park National (NYSE:PRK) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.08. On average, equities analysts forecast that Park National will post $5.31 EPS for the current year.
A number of large investors have recently made changes to their positions in PRK. BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 during the period. Finally, Stifel Financial Corp boosted its stake in shares of 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 during the period.
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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