Park National Co. (PRK) Shares Gap Up to $91.74
Park National Co. (NYSE:PRK)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $90.48, but opened at $91.74. Park National shares last traded at $94.06, with a volume of 64,459 shares.
Separately, Zacks Investment Research upgraded shares of Park National from a “sell” rating to a “hold” rating in a research note on Friday, June 24th.
The company has a 50-day moving average price of $91.79 and a 200-day moving average price of $90.09. The firm has a market capitalization of $1.45 billion and a P/E ratio of 18.26.
Park National (NYSE:PRK) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.38 by $0.08. Analysts anticipate that Park National Co. will post $5.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, August 17th.
Park National Corporation (Park) is a financial holding company. The Company’s banking operations are conducted through The Park National Bank. The Company’s segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH). The Park National Bank is engaged in the commercial banking and trust business, generally in small and medium population Ohio communities.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.