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 year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRK, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 1-year target prices for Park National's shares. Their PRK share price forecasts range from $135.00 to $135.00. On average, they expect the company's stock price to reach $135.00 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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Park National Co. (NYSEAMERICAN:PRK) announced its quarterly earnings data on Monday, January, 23rd. The financial services provider reported $1.94 EPS for the quarter, missing the consensus estimate of $2.31 by $0.37. The financial services provider earned $135.20 million during the quarter, compared to the consensus estimate of $126.90 million. Park National had a trailing twelve-month return on equity of 12.89% and a net margin of 30.46%.

Park National declared a quarterly dividend on Wednesday, January 25th. Investors of record on Friday, February 17th will be given a dividend of $1.05 per share on Friday, March 10th. This represents a $4.20 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, February 16th. This is a positive change from the stock's previous quarterly dividend of $1.04.
Read our dividend analysis for PRK.

ETFs with the largest weight of Park National (NYSEAMERICAN:PRK) stock in their portfolio include Invesco S&P SmallCap Financials ETF (PSCF), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), iShares US Small Cap Value Factor ETF (SVAL), First Trust RBA American Industrial Renaissance ETF (AIRR), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Xtrackers S&P SmallCap 600 ESG ETF (SMLE).

Park National (NYSEAMERICAN:PRK) pays an annual dividend of $4.16 per share and currently has a dividend yield of 3.43%. 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 44.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRK will have a dividend payout ratio of 44.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRK.

Based on aggregate information from My MarketBeat watchlists, some companies that other Park National investors own include Carnival Co. & (CCL), General Mills (GIS), Altria Group (MO), Suncor Energy (SU), Zosano Pharma (ZSAN), British American Tobacco (BTI), GSK (GSK), International Business Machines (IBM), Occidental Petroleum (OXY) and Sysco (SYY).

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

Park National's stock is owned by a number of retail and institutional investors. Top institutional investors include Park National Corp OH (8.53%), Dimensional Fund Advisors LP (2.34%), Geode Capital Management LLC (1.64%), Charles Schwab Investment Management Inc. (0.89%), Morgan Stanley (0.64%) and Principal Financial Group Inc. (0.54%).
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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 $123.69.

Park National (NYSEAMERICAN:PRK) has a market capitalization of $2.01 billion and generates $475.80 million in revenue each year. The financial services provider earns $153.95 million in net income (profit) each year or $9.28 on an earnings per share basis.

The company employs 1,685 workers across the globe.

Park National's mailing address is 50 N 3rd St, NEWARK, OH 43055-5523, United States. The financial services provider can be reached via phone at (740) 349-8451, via email at brady.burt@parknationalbank.com, or via fax at 740-349-3765.