Park National Co. (PRK) Shares Up 1.3%
Park National Co. (NYSE:PRK) shares shot up 1.3% during trading on Wednesday . The stock traded as high as $95.96 and last traded at $95.65, with a volume of 65,781 shares. The stock had previously closed at $94.43.
Separately, Zacks Investment Research downgraded shares of Park National from a “hold” rating to a “sell” rating in a report on Thursday, July 28th.
The company has a 50-day moving average of $92.01 and a 200-day moving average of $90.14. The firm has a market capitalization of $1.48 billion and a P/E ratio of 18.64.
Park National (NYSE:PRK) last released its quarterly earnings data 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. On average, analysts predict that Park National Co. will post $5.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, August 17th. This represents a $3.76 annualized dividend and a dividend yield of 3.90%.
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.
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