Park National Corp (AMEX: PRK) is -1.75% lower on its value in year-to-date trading and has touched a low of $122.76 and a high of $207.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRK stock was last observed hovering at around $170.15 in the last trading session, with the day’s loss setting it -1.72%.
Currently trading at $168.43, the stock is -1.99% and -8.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -1.01% at the moment leaves the stock 4.63% off its SMA200. PRK registered 34.74% gain for a year compared to 6-month gain of 2.50%. The firm has a 50-day simple moving average (SMA 50) of $183.6506 and a 200-day simple moving average (SMA200) of $161.2919.
The stock witnessed a -10.42% loss in the last 1 month and extending the period to 3 months gives it a -6.13%, and is 2.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 2.97% over the month.
Park National Corp (PRK) has around 1799 employees, a market worth around $2.72B and $621.58M in sales. Current P/E ratio is 19.91 and Fwd P/E is 19.47. Profit margin for the company is 22.09%. Distance from 52-week low is 37.20% and -19.02% from its 52-week high. The company has generated returns on investments over the last 12 months (9.49%).
with sales reaching $128.07M over the same period.The EPS is expected to grow by 8.37% this year, but quarterly earnings will post 8.91% year-over-year. Quarterly sales are estimated to grow 15.80% in year-over-year returns.
Park National Corp (PRK) Top Institutional Holders
285.0 institutions hold shares in Park National Corp (PRK), with institutional investors hold 56.05% of the company’s shares. The shares outstanding are 16.15M, and float is at 15.71M with Short Float at 3.60%. Institutions hold 54.59% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.21 million shares valued at $314.54 million. The investor’s holdings represent 13.7111% of the PRK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.68 million shares valued at $238.98 million to account for 10.4172 of the shares outstanding. The other top investors are PARK NATIONAL CORP /OH/ which holds 1.19 million shares representing 7.3935% and valued at over $169.61 million, while STATE STREET CORP holds 3.9043 of the shares totaling 0.63 million with a market value of $89.57 million.
Park National Corp (PRK) Insider Activity
The most recent transaction is an insider sale by RAMSER MARK R, the company’s Director. SEC filings show that RAMSER MARK R sold 12,000 shares of the company’s common stock on Jul 29 ’24 at a price of $180.00 per share for a total of $2.16 million. Following the sale, the insider now owns 292.0 shares.
Park National Corp disclosed in a document filed with the SEC on Jul 29 ’24 that RAMSER MARK R (Director) sold a total of 546 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $180.66 per share for $98640.0. Following the transaction, the insider now directly holds 379.0 shares of the PRK stock.
Still, SEC filings show that on Jul 26 ’24, RAMSER MARK R (Director) disposed off 454 shares at an average price of $187.06 for $84925.0. The insider now directly holds 925 shares of Park National Corp (PRK).
