Park National Corporation (Park) is a financial holding company. Park's principal business consists of owning and supervising its subsidiaries. Park's banking operations are conducted through The Park National Bank (Park National Bank). Its segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH). Park National Bank is a national banking association with its main office in Newark, Ohio and financial service offices in Ashland, Athens, Butler, Champaign, Clark, Clermont, Coshocton, Crawford, Darke, Hocking, Holmes, Knox, Licking, Madison, Marion, Mercer, Miami, Morrow, Muskingum, Perry, Richland, Tuscarawas, Warren and Wayne Counties in Ohio. Guardian Finance provides consumer finance services in the central Ohio area. SEPH has operations in Ohio, with the sole purpose of such operations being to sell other real estate owned and work out or sell problem loan situations with the respective borrowers.
Industry, Sector and Symbol:
- Market Cap: $1.58 billion
- Outstanding Shares: 15,297,000
- 50 Day Moving Avg: $105.07
- 200 Day Moving Avg: $108.76
- 52 Week Range: $85.44 - $122.88
Sales & Book Value:
- Trailing P/E Ratio: 18.14
- Foreward P/E Ratio: 16.43
- P/E Growth: 4.44
- Annual Revenue: $321.37 million
- Price / Sales: 4.91
- Book Value: $48.65 per share
- Price / Book: 2.12
- Annual Dividend: $3.76
- Dividend Yield: 3.6%
- Net Margins: 26.51%
- Return on Equity: 10.94%
- Return on Assets: 1.07%
- Average Volume: 30,620 shs.
- Beta: 0.85
- Short Ratio: 18.52
Frequently Asked Questions for Park National (NYSEMKT:PRK)
What is Park National's stock symbol?
Park National trades on the New York Stock Exchange (NYSE)MKT under the ticker symbol "PRK."
How often does Park National pay dividends? What is the dividend yield for Park National?
Park National declared a quarterly dividend on Monday, April 24th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.94 per share on Friday, June 9th. This represents a $3.76 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, May 17th. View Park National's Dividend History.
How will Park National's stock buyback program work?
Park National announced that its Board of Directors has approved a share repurchase plan on Sunday, April 9th 2017, which permits the company to buyback 500,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.
How were Park National's earnings last quarter?
Park National Co. (NYSEMKT:PRK) issued its quarterly earnings data on Friday, April, 21st. The company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.33 by $0.02. The company earned $76.46 million during the quarter, compared to analysts' expectations of $77.75 million. Park National had a net margin of 26.51% and a return on equity of 10.94%. View Park National's Earnings History.
When will Park National make its next earnings announcement?
Who are some of Park National's key competitors?
Some companies that are related to Park National include Ita? CorpBanca (ITCB), Valley National Bancorp (VLY), Washington Federal (WAFD), Metro Bank PLC (MTRO), Grupo Aval Acciones y Valores S.A. (AVAL), Glacier Bancorp (GBCI), BancorpSouth (BXS), TCF Financial (TCF), First Midwest Bancorp (FMBI), Community Bank System (CBU), Cybg Plc (CYBG), CVB Financial Corporation (CVBF), Old National Bancorp (ONB), Close Brothers Group plc (CBG), Astoria Financial Corporation (AF), Capitol Federal Financial (CFFN), Renasant Corporation (RNST) and Towne Bank (TOWN).
Who are Park National's key executives?
Park National's management team includes the folowing people:
- C. Daniel DeLawder, Chairman of the Board
- David L. Trautman, President, Chief Executive Officer, Director
- Brady T. Burt, Chief Financial Officer, Secretary
- Matthew R. Miller, Executive Vice President
- Kelly A. Edds, Chief Accounting Officer, Principal Accounting Officer
- Leon Zazworsky, Lead Independent Director
- Donna M. Alvarado, Independent Director
- James R. DeRoberts, Independent Director
- F. William Englefield IV, Independent Director
- Alicia J. Hupp, Independent Director
Who owns Park National stock?
Park National's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Park National Corp OH (12.86%), Vanguard Group Inc. (7.21%), BlackRock Inc. (5.62%), Dimensional Fund Advisors LP (1.87%), State Street Corp (1.69%) and First Trust Advisors LP (1.24%). View Institutional Ownership Trends for Park National.
Who sold Park National stock? Who is selling Park National stock?
Park National's stock was sold by a variety of institutional investors in the last quarter, including Stifel Financial Corp, JPMorgan Chase & Co., RiverPoint Capital Management LLC, Nationwide Fund Advisors, Ameriprise Financial Inc., Morgan Stanley, Russell Investments Group Ltd. and KCG Holdings Inc.. View Insider Buying and Selling for Park National.
Who bought Park National stock? Who is buying Park National stock?
Park National's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Park National Corp OH, Vanguard Group Inc., First Trust Advisors LP, Renaissance Technologies LLC, Citadel Advisors LLC, Geode Capital Management LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Park National.
How do I buy Park National stock?
Shares of Park National can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Park National's stock price today?
MarketBeat Community Rating for Park National (NYSEMKT PRK)MarketBeat's community ratings are surveys of what our community members think about Park National and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Park National stock can currently be purchased for approximately $103.20.
Consensus Ratings for Park National (NYSEMKT:PRK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Park National (NYSEMKT:PRK)
(Data available from 6/28/2015 forward)
|1/4/2016||Boenning Scattergood||Reiterated Rating||Neutral|
|10/28/2015||Keefe, Bruyette & Woods||Boost Price Target||$85.00 -> $87.00|
|7/2/2015||Stephens||Initiated Coverage||Equal Weight|
Earnings History for Park National (NYSEMKT:PRK)Earnings History by Quarter for Park National (NYSEMKT PRK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/24/2017|| || || || || || || || |
|4/21/2017||Q1 2017||$1.33||$1.31||$77.75 million||$76.46 million||View||N/A|
|1/23/2017||Q416||$1.42||$1.30||$79.89 million||$84.32 million||View||N/A|
|10/24/2016||Q3||$1.40||$1.78||$79.52 million||$79.07 million||View||N/A|
|7/25/2016||Q2||$1.38||$1.30||$79.50 million||$76.22 million||View||N/A|
|4/22/2016||Q1||$1.32||$1.21||$79.20 million||$77.21 million||View||N/A|
|1/25/2016||Q4||$1.41||$1.36||$78.81 million||$77.16 million||View||N/A|
|10/26/2015||Q315||$1.43||$1.30||$77.30 million||$77.91 million||View||N/A|
|7/27/2015||Q215||$1.24||$1.37||$74.05 million||$75.71 million||View||N/A|
|10/27/2014||Q314||$1.29||$1.19||$74.60 million||$76.11 million||View||N/A|
|7/28/2014||Q214||$1.17||$1.42||$72.70 million||$76.23 million||View||N/A|
|4/28/2014||Q113||$1.21||$1.27||$71.90 million||$71.13 million||View||N/A|
Earnings Estimates for Park National (NYSEMKT:PRK)
Current Year EPS Consensus Estimate: $5.67 EPS
Next Year EPS Consensus Estimate: $6.28 EPS
Current Dividend Information for Park National (NYSEMKT:PRK)
|Most Recent Dividend:||6/9/2017|
|Payout Ratio:||72.73% (Trailing 12 Months of Earnings) |
66.31% (Based on This Year's Estimates)
59.87% (Based on Next Year's Estimates)
Dividend History by Quarter for Park National (NYSEMKT PRK)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Park National (NYSEMKT:PRK)Insider Trades by Quarter for Park National (NYSEMKT:PRK)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/19/2012||Leon Zazworsky||Director||Buy||3,000||$62.91||$188,730.00|| |
Headline Trends for Park National (NYSEMKT:PRK)
Latest Headlines for Park National (NYSEMKT:PRK)
|Park National Co. (PRK) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - June 27 at 7:24 AM
|BidaskClub Lowers Park National Co. (PRK) to Sell|
www.americanbankingnews.com - June 23 at 7:04 PM
|Park National Corp. breached its 50 day moving average in a Bearish Manner : PRK-US : June 22, 2017|
finance.yahoo.com - June 23 at 9:13 AM
|ETFs with exposure to Park National Corp. : June 15, 2017|
finance.yahoo.com - June 16 at 9:05 AM
|Park National Corp. – Value Analysis (NYSE MKT:PRK) : June 12, 2017|
finance.yahoo.com - June 12 at 6:57 PM
|Park National Corp. breached its 50 day moving average in a Bullish Manner : PRK-US : June 9, 2017|
finance.yahoo.com - June 9 at 7:33 PM
|Park National Corp. : PRK-US: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 18, 2017|
finance.yahoo.com - May 19 at 12:09 PM
|ETFs with exposure to Park National Corp. : May 16, 2017|
finance.yahoo.com - May 16 at 7:01 PM
|Park National Corp. breached its 50 day moving average in a Bearish Manner : PRK-US : May 12, 2017|
finance.yahoo.com - May 12 at 8:08 PM
|Park National (PRK) Given Daily News Sentiment Rating of 0.10|
www.americanbankingnews.com - May 4 at 12:10 PM
|ETFs with exposure to Park National Corp. : May 2, 2017|
finance.yahoo.com - May 2 at 5:09 PM
|Park National (PRK) Given Daily Coverage Optimism Score of 0.15|
www.americanbankingnews.com - May 1 at 5:36 PM
|Park National Corp. breached its 50 day moving average in a Bearish Manner : PRK-US : May 1, 2017|
finance.yahoo.com - May 1 at 11:13 AM
|Park National Corp. :PRK-US: Earnings Analysis: Q1, 2017 By the Numbers : May 1, 2017|
finance.yahoo.com - May 1 at 11:13 AM
|Park National Co. (PRK) Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - April 30 at 5:37 PM
|Park National (PRK) Getting Somewhat Positive Media Coverage, Analysis Shows|
www.americanbankingnews.com - April 27 at 11:24 PM
|Park National (PRK) Earns Media Sentiment Score of 0.10|
www.americanbankingnews.com - April 24 at 7:50 PM
|Park National Co. Announces Quarterly Dividend of $0.94 (PRK)|
www.americanbankingnews.com - April 24 at 7:38 PM
|Park National Co. (PRK) Releases Earnings Results, Misses Expectations By $0.02 EPS|
www.americanbankingnews.com - April 24 at 1:08 PM
|Park National Corporation reports first quarter 2017 financial results|
finance.yahoo.com - April 21 at 7:09 PM
|Park National Corp. breached its 50 day moving average in a Bullish Manner : PRK-US : April 21, 2017|
finance.yahoo.com - April 21 at 8:54 AM
|ETFs with exposure to Park National Corp. : April 20, 2017|
finance.yahoo.com - April 20 at 7:25 PM
|Park National (PRK) Receiving Positive News Coverage, Study Finds|
www.americanbankingnews.com - April 15 at 9:21 AM
|Park National Co. (PRK) Raised to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - April 12 at 7:35 AM
|Park National (PRK) to Repurchase 500,000 Shares|
www.americanbankingnews.com - April 9 at 8:19 AM
|Park National Co. (PRK) Upgraded to Hold by Zacks Investment Research|
www.americanbankingnews.com - April 8 at 10:28 AM
|Park National Co. (PRK) Downgraded by Zacks Investment Research to "Sell"|
www.americanbankingnews.com - March 29 at 11:31 PM
|Park National Co. (PRK) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - March 20 at 9:55 AM
|PARK NATIONAL CORP /OH/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits|
biz.yahoo.com - March 1 at 5:19 AM
|PARK NATIONAL CORP /OH/ Financials|
finance.yahoo.com - February 25 at 6:55 PM
|PARK NATIONAL CORP /OH/ Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Pri|
us.rd.yahoo.com - January 23 at 7:38 PM
|PARK NATIONAL CORP /OH/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhib|
biz.yahoo.com - December 8 at 7:46 PM
|National park tips: See the Colorado River turn on itself like a coiling snake|
www.latimes.com - December 8 at 9:11 AM
|Park National hit with $500,000 fine from SEC related to past acquisition|
www.bizjournals.com - September 23 at 6:22 PM
|PARK NATIONAL CORP /OH/ Files SEC form 8-K, Other Events|
biz.yahoo.com - September 22 at 6:33 PM
|Park National Corporation Reports Financial Results for Second Quarter and First Half of 2016|
globenewswire.com - July 25 at 7:03 PM
|Midwest Banks' Q2 Earnings to Watch: PRK, LKFN, HTLF & More|
www.zacks.com - July 22 at 9:52 AM
|PRK Dividend Yield Pushes Above 4%|
www.forbes.com - June 3 at 9:49 AM
|PARK NATIONAL CORP /OH/ Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vot|
biz.yahoo.com - April 26 at 4:17 PM