Park National Corporation with ticker code (PRK) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 137.5 and 130 with a mean TP of 132.5. Given that the stocks previous close was at 136.02 this would imply there is a potential downside of -2.6%. There is a 50 day moving average of 137.14 and the 200 moving average now moves to 126.13. The company has a market cap of $2,140m. Company Website: https://www.parknationalcorp.com
The potential market cap would be $2,084m based on the market concensus.
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. It 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. The company 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; consumer loans, such as automobile loans and leases; 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, it offers aircraft financing and asset management services. As of December 31, 2020, the company operated 101 financial service offices and a network of 117 automated teller machines in 26 Ohio counties, 1 Kentucky county, 3 North Carolina counties, and 4 South Carolina counties. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.
