Park National Corporation – Consensus indicates potential downside of -11.5%

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Park National Corporation found with ticker (PRK) now have 3 analysts who cover the share. Analysts’ consensus suggests a ‘Hold’ rating. The target price is between 137.5 and 121. We see the calculation of the average target price 128.17. Given that the stock’s previous closing price was 144.8, this would suggest there is a downward movement of -11.5%. The 50-day MA is 136.56 and the 200-day moving average is now hovering at 125.66. The company has a market capitalization of $ 2,321 million. You can visit the company’s website by visiting: https://www.parknationalcorp.com

Park National Corporation is the bank holding company of Park National Bank, providing commercial banking and fiduciary services to small and medium-sized populations. It offers deposits for sight, savings and time accounts; Fiduciary and asset management services; Cash management; Locker shops; electronic money transfers; Internet and mobile banking solutions with a bill pay service; Credit cards; and various additional banking-related services for private customers. The company also provides commercial loans, including industrial and commercial real estate finance, equipment, inventory and receivables finance, acquisition finance and commercial leasing, and consumer finance company; Commercial property loans consisting of mortgage loans to developers and commercial property owners; Consumer loans, such as auto loans and leasing; Consumer financial services; Home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. It also offers aircraft finance and asset management services. As of December 31, 2020, the company operated 101 financial services offices and a network of 117 ATMs 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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