Park National Co. (NYSE:PRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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 has a market cap of $1.48 billion and a PE ratio of 18.65. Park National has a one year low of $79.01 and a one year high of $104.58. The firm has a 50-day moving average of $95.39 and a 200-day moving average of $92.21.
Park National (NYSE:PRK) last released its earnings results on Monday, July 25th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by $0.08. On average, equities research analysts expect that Park National will post $5.31 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in PRK. BNP Paribas Arbitrage SA raised 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 valued at $104,000 after buying an additional 554 shares during the period. Metropolitan Life Insurance Co. NY raised 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 last quarter. Schwab Charles Investment Management Inc. raised 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 last quarter. Finally, Stifel Financial Corp raised 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 last quarter.
About Park National
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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