Park National Corporation which can be found using ticker (PRK) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 140 and 116 calculating the average target price we see $128.67. Given that the stocks previous close was at $114.21 this would imply there is now a potential upside of 12.7%. It’s also worth noting that there is a 50 day moving average of $123.93 and the 200 moving average now moves to $131.94. The market capitalization for the company is $1,860m. Visit the company website at: https://www.parknationalcorp.com
The potential market cap would be $2,095m based on the market consensus.
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company 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. It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; originates financing leases primarily for the purchase of commercial vehicles, operating/manufacturing equipment, and municipal vehicles/equipment; consumer loans, such as automobile loans; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, the company offers aircraft financing and asset management services; and ParkDirect, a personal banking application. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.
The company has a dividend yield of 3.67% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 12.62, revenue per share of 29.45 and a 1.53% return on assets.
