Q1 2018 EPS Estimates for Park National Co. (PRK) Lifted by Boenning Scattergood

Park National Co. (NYSEAMERICAN:PRK) – Analysts at Boenning Scattergood raised their Q1 2018 earnings estimates for Park National in a note issued to investors on Wednesday, Zacks Investment Research reports. Boenning Scattergood analyst S. Beury now forecasts that the financial services provider will earn $1.65 per share for the quarter, up from their prior forecast of $1.42. Boenning Scattergood has a “Hold” rating on the stock.

Several other research firms also recently issued reports on PRK. BidaskClub raised Park National from a “hold” rating to a “buy” rating in a report on Friday, September 29th. Zacks Investment Research raised Park National from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a report on Wednesday, December 27th.

Shares of Park National (NYSEAMERICAN:PRK) traded up $0.97 on Thursday, hitting $107.92. The stock had a trading volume of 10,690 shares, compared to its average volume of 17,422. The firm has a market cap of $1,590.00, a P/E ratio of 20.40 and a beta of 0.75. Park National has a fifty-two week low of $92.42 and a fifty-two week high of $117.60.

Park National (NYSEAMERICAN:PRK) last announced its earnings results on Monday, October 23rd. The financial services provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The business had revenue of $83.64 million during the quarter, compared to analyst estimates of $81.14 million. Park National had a return on equity of 11.73% and a net margin of 26.44%.

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in Park National by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 4,953 shares of the financial services provider’s stock worth $515,000 after buying an additional 91 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Park National by 0.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,167 shares of the financial services provider’s stock valued at $3,751,000 after purchasing an additional 274 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Park National by 1.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 22,517 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 320 shares during the period. Bank of Montreal Can lifted its stake in shares of Park National by 33.1% in the 2nd quarter. Bank of Montreal Can now owns 1,374 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 342 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Park National by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 6,230 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 465 shares during the period.

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Park National Company Profile

Park National Corporation (Park) is a financial holding company. Park’s principal business consists of owning and supervising its subsidiaries. Park’s banking operations are conducted through The Park National Bank (Park National Bank). Its segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH).

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