The stock of Park National Corporation (NYSEMKT:PRK) hit a new 52-week high and has $122.18 target or 7.00% above today’s $114.19 share price. The 5 months bullish chart indicates low risk for the $1.78B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $122.18 price target is reached, the company will be worth $124.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 43,149 shares traded hands or 16.85% up from the average. Park National Corporation (NYSEMKT:PRK) has risen 24.39% since April 21, 2016 and is uptrending. It has outperformed by 19.06% the S&P500.
Analysts await Park National Corporation (NYSEMKT:PRK) to report earnings on January, 23. They expect $1.10 EPS, down 19.12% or $0.26 from last year’s $1.36 per share. PRK’s profit will be $17.15M for 25.95 P/E if the $1.10 EPS becomes a reality. After $1.78 actual EPS reported by Park National Corporation for the previous quarter, Wall Street now forecasts -38.20% negative EPS growth.
According to Zacks Investment Research, “Park National Corporation is the bank holding company for The Park National Bank, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co. and The Citizens National Bank of Urbana.”
More news for Park National Corporation (NYSEMKT:PRK) were recently published by: Nasdaq.com, which released: “Park National Corporation (PRK) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016. Globenewswire.com‘s article titled: “Park National Corporation Reports Financial Results for Third Quarter and …” and published on October 24, 2016 is yet another important article.
PRK Company Profile
Park National Corporation (Park), incorporated on March 24, 1992, is a financial holding company. The Company’s banking activities are conducted through The Park National Bank. The Company’s divisions 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. Park’s principal business consists of owning and supervising its subsidiaries. The Park National Bank operates over 120 banking offices in Ohio through approximately 10 banking divisions with a network of over 140 automated teller machines. Guardian Finance provides consumer finance services in the central Ohio area. Guardian Finance includes over five financial service offices spanning approximately five counties in Ohio, which includes Clark, Fairfield, Franklin, Licking and Montgomery. SEPH is engaged in lending activities and has activities in Ohio. The Firm owns interest in Park Title Agency, LLC. (Park Title Agency), which is a traditional title agency serving primarily residential and commercial clients of Park National Bank and other property owners in counties served by Park National Bank
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