Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

Park National (NYSEAMERICAN:PRK) Stock Passes Below 50-Day Moving Average of $129.59

Defense World ·  {{timeTz}}

Park National Co. (NYSEAMERICAN:PRK – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $129.59 and traded as low as $127.01. Park National shares last traded at $128.97, with a volume of 153,350 shares trading hands.

Analyst Ratings Changes

Separately, Piper Sandler boosted their target price on shares of Park National from $127.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, August 25th.

Get Park National alerts:

Park National Trading Down 0.2 %

The firm has a 50-day moving average of $129.59. The firm has a market capitalization of $2.10 billion, a PE ratio of 14.54 and a beta of 0.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

Park National (NYSEAMERICAN:PRK – Get Rating) last posted its quarterly earnings data on Monday, July 25th. The financial services provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.05). Park National had a return on equity of 12.97% and a net margin of 30.91%. The firm had revenue of $115.13 million for the quarter, compared to the consensus estimate of $110.31 million. On average, analysts anticipate that Park National Co. will post 9 earnings per share for the current year.

Park National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, August 18th. Park National's dividend payout ratio (DPR) is presently 46.90%.

Hedge Funds Weigh In On Park National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Park National during the first quarter worth about $51,000. KBC Group NV purchased a new position in shares of Park National in the second quarter valued at approximately $139,000. Nisa Investment Advisors LLC boosted its stake in shares of Park National by 27.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the financial services provider's stock valued at $168,000 after purchasing an additional 275 shares during the period. MFA Wealth Advisors LLC purchased a new position in Park National in the fourth quarter worth approximately $205,000. Finally, Mutual Advisors LLC purchased a new position in Park National in the fourth quarter worth approximately $211,000. 51.75% of the stock is owned by hedge funds and other institutional investors.

About Park National

(Get Rating)

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. The company 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.

Recommended Stories

  • Get a free copy of the StockNews.com research report on Park National (PRK)
  • 3 Banks Worth Considering For Q4
  • Stock Market: 3 Islands Of Strength In A Sea Of Red
  • Is There a Cure for What is Ailing Teladoc Stock?
  • MarketBeat: Week in Review 9/12 – 9/16
  • No One Told These 3 Stocks It's a Down Week

Receive News & Ratings for Park National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park National and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.