Park National (NYSEAMERICAN:PRK) Issues Earnings Results
Park National (NYSEAMERICAN:PRK) announced its quarterly earnings data on Monday. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.08), Fidelity Earnings reports. The business had revenue of $98.66 million during the quarter, compared to analyst estimates of $100.63 million.
Shares of PRK stock traded down $5.73 during trading on Tuesday, hitting $90.49. 4,764 shares of the stock traded hands, compared to its average volume of 35,775. Park National has a 52-week low of $79.27 and a 52-week high of $114.62.
A number of equities research analysts recently commented on the company. Janney Montgomery Scott assumed coverage on Park National in a research report on Monday, June 17th. They issued a “neutral” rating and a $106.00 target price on the stock. Zacks Investment Research cut Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of Webster Financial in a report on Monday, April 22nd.
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.
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