Park National Co. (PRK) Shares Gap Up to $91.74
Shares of Park National Co. (NYSE:PRK) 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 raised shares of Park National from a “sell” rating to a “hold” rating in a research report on Friday, June 24th.
The firm’s 50-day moving average price is $92.01 and its 200-day moving average price is $90.14. The stock has a market capitalization of $1.47 billion and a P/E ratio of 18.59.
Park National (NYSE:PRK) last released its earnings results on Monday, July 25th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by $0.08. Equities analysts predict that Park National Co. will post $5.31 earnings per share for the current year.
The firm also recently declared 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 dividend on an annualized basis 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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