Park National Corporation – Consensus Indicates Potential -11.5% Downside

Broker Ratings

Park National Corporation found using ticker (PRK) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 137.5 and 121 calculating the average target price we see 128.17. Given that the stocks previous close was at 144.8 this would indicate that there is a downside of -11.5%. The 50 day MA is 136.56 and the 200 moving average now moves to 125.66. The company has a market cap of $2,321m. You can visit the company’s website by visiting: https://www.parknationalcorp.com

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. It 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. The company also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; consumer loans, such as automobile loans and leases; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, it offers aircraft financing and asset management services. As of December 31, 2020, the company operated 101 financial service offices and a network of 117 automated teller machines in 26 Ohio counties, 1 Kentucky county, 3 North Carolina counties, and 4 South Carolina counties. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.

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