Park National (PRK) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Park National in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" PRK shares.
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1 Wall Street research analysts have issued 12 month price objectives for Park National's stock. Their PRK share price forecasts range from $103.00 to $103.00. On average, they predict the company's share price to reach $103.00 in the next twelve months. This suggests that the stock has a possible downside of 4.8%.
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Park National's stock was trading at $142.02 at the beginning of the year. Since then, PRK shares have decreased by 23.9% and is now trading at $108.14.
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Park National Co. (NYSE:PRK) released its quarterly earnings data on Friday, April, 21st. The company reported $2.01 EPS for the quarter, missing the consensus estimate of $2.06 by $0.05. The company earned $116.59 million during the quarter, compared to analyst estimates of $119.90 million. Park National had a net margin of 26.68% and a trailing twelve-month return on equity of 12.17%.

Park National announced a quarterly dividend on Monday, April 24th. Stockholders of record on Friday, May 19th will be paid a dividend of $1.05 per share on Friday, June 9th. This represents a $4.20 annualized dividend and a yield of 3.88%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for PRK.

Park National (NYSE:PRK) pays an annual dividend of $4.20 per share and currently has a dividend yield of 4.13%. PRK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 47.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRK will have a dividend payout ratio of 56.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRK.

Park National trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRK."

Park National's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.19%), Park National Corp OH (8.70%), State Street Corp (3.59%), Dimensional Fund Advisors LP (2.53%), Geode Capital Management LLC (1.70%) and Bank of New York Mellon Corp (1.07%).
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Shares of PRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRK stock can currently be purchased for approximately $108.14.

Park National (NYSE:PRK) has a market capitalization of $1.75 billion and generates $490.24 million in revenue each year. The company earns $148.35 million in net income (profit) each year or $8.76 on an earnings per share basis.

The company employs 1,794 workers across the globe.

Park National's mailing address is 50 NORTH THIRD ST P O BOX 3500, NEWARK OH, 43058. The official website for the company is www.parknationalcorp.com. The company can be reached via phone at (740) 349-8451, via email at michelle.hamilton@parknationalbank.com, or via fax at 740-349-3765.