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.
IPO Year: 1994
Exchange: AMEX
Website: parknationalcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | Neutral | Piper Sandler | |
| 5/15/2023 | $115.00 → $103.00 | Neutral → Underweight | Piper Sandler |
| 8/11/2021 | Under Perform → Neutral | Boenning & Scattergood |
NEWARK, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Park National Corporation's (NYSE:PRK) (Park) board of directors announced today that they elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park's banking subsidiary, effective on the same date. These elections expand Park's board to 16 directors, including one director emeritus. "Karen and Kelly bring wisdom and a variety of experiences to Park," said Park Chair and Chief Executive Officer David Trautman. "We're fortunate they are willing to offer their considerable talents to us as we continue to grow and find new ways to serve our stak
Piper Sandler resumed coverage of Park National with a rating of Neutral
Piper Sandler downgraded Park National from Neutral to Underweight and set a new price target of $103.00 from $115.00 previously
Boenning & Scattergood upgraded Park National from Under Perform to Neutral
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NEWARK, Ohio, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the third quarter and first nine months of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share and a special one-time dividend of $0.50 per common share, both payable on December 10, 2024, to common shareholders of record as of November 15, 2024. "Our bankers remain unwavering in their desire to serve more and find creative ways to meet the needs of our customers," said Park Chairman and Chief Executive Officer David Trautman. "Our bankers are diligent, compassionate and resilient. We saw it firsthand this month a
NEWARK, Ohio, July 22, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the second quarter and first half of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on September 10, 2024, to common shareholders of record as of August 16, 2024. "Our performance stems from our commitment to provide consistent financial support, to remain resilient in uncertain times, and to never stop searching for new ways to serve customers," said Park Chairman and Chief Executive Officer David Trautman. "We're eager to introduce new tools that will make our banking services more accessible than ever and
NEWARK, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Park National Corporation's (NYSE:PRK) (Park) board of directors announced today that they elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park's banking subsidiary, effective on the same date. These elections expand Park's board to 16 directors, including one director emeritus. "Karen and Kelly bring wisdom and a variety of experiences to Park," said Park Chair and Chief Executive Officer David Trautman. "We're fortunate they are willing to offer their considerable talents to us as we continue to grow and find new ways to serve our stak
NEWARK, Ohio, April 19, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the first quarter of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on June 10, 2024, to common shareholders of record as of May 17, 2024. "Park bankers meet customers when, where and how they wish. In doing so, we remain alert to service opportunities of all types," said Park Chairman and Chief Executive Officer David Trautman. "Our consistent and predictable approach helps build long-lasting relationships that customers tell us they value." Park's net income for the first quarter of 2024 was $35.2 millio
NEWARK, Ohio, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the fourth quarter and the full year of 2023. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on March 8, 2024, to common shareholders of record as of February 16, 2024. "We are pleased to end the year with solid loan growth for the third consecutive quarter and enter 2024 with strong asset quality," Park Chairman and Chief Executive Officer David Trautman said. "Park bankers remain committed to providing robust financial solutions in all market conditions." Park's net income for the fourth quarter of 2023
NEWARK, Ohio, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the third quarter and the first nine months of 2023. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on December 8, 2023, to common shareholders of record as of November 17, 2023. "In uncertain times, customers and prospects tell us they value predictability, consistency and access to their banker…Park bankers provide all three," Park Chairman and Chief Executive Officer David Trautman said. "We are pleased to report another quarter of impressive loan growth, which underscores our bankers' dedication to provide fin
NEWARK, Ohio, July 24, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the second quarter and first half of 2023. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on September 8, 2023, to common shareholders of record as of August 18, 2023. "Amidst a rapidly evolving economy, Park has demonstrated exceptional financial strength, supported by robust capital and liquidity," said Park Chairman and Chief Executive Officer David L. Trautman. "Our strong capital position allows us to weather uncertainties and offers long-term stability for our stakeholders." Park's net income for th
NEWARK, Ohio, April 21, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the first quarter of 2023. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on June 9, 2023 to common shareholders of record as of May 19, 2023. "Our associates serve customers when, where and how they prefer to be served. This produces solid financial results for our organization," said Park Chairman and Chief Executive Officer, David Trautman. "Our colleagues' commitment transcends banking, and begins with improving our communities." Park's net income for the first quarter of 2023 was $33.7 million,
NEWARK, Ohio, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the fourth quarter and full year of 2022. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on March 10, 2023 to common shareholders of record as of February 17, 2023. Park's net income for the fourth quarter of 2022 was $33.1 million, a 9.5 percent decrease from $36.5 million for the fourth quarter of 2021. Fourth quarter 2022 net income per diluted common share was $2.02, compared to $2.23 in the fourth quarter of 2021. Park's net income for the full year of 2022 was $148.4 million, a 3.6 percent decrease from $153
Board of directors declares special dividend NEWARK, Ohio, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the third quarter and first nine months of 2022. Park's board of directors declared a quarterly cash dividend of $1.04 per common share and a special cash dividend of $0.50 per common share in respect of Park's common shares, payable on December 9, 2022 to common shareholders of record as of November 18, 2022. "Growth is a byproduct of service. When we grow assets and liabilities, it's a result of taking care of customers in an exceptional way," said Park Chairman and Chief Executive Officer, David Trautman. "Our ass
NEWARK, Ohio, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the third quarter and first nine months of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share and a special one-time dividend of $0.50 per common share, both payable on December 10, 2024, to common shareholders of record as of November 15, 2024. "Our bankers remain unwavering in their desire to serve more and find creative ways to meet the needs of our customers," said Park Chairman and Chief Executive Officer David Trautman. "Our bankers are diligent, compassionate and resilient. We saw it firsthand this month a
NEWARK, Ohio, July 22, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the second quarter and first half of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on September 10, 2024, to common shareholders of record as of August 16, 2024. "Our performance stems from our commitment to provide consistent financial support, to remain resilient in uncertain times, and to never stop searching for new ways to serve customers," said Park Chairman and Chief Executive Officer David Trautman. "We're eager to introduce new tools that will make our banking services more accessible than ever and
NEWARK, Ohio, April 19, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the first quarter of 2024. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on June 10, 2024, to common shareholders of record as of May 17, 2024. "Park bankers meet customers when, where and how they wish. In doing so, we remain alert to service opportunities of all types," said Park Chairman and Chief Executive Officer David Trautman. "Our consistent and predictable approach helps build long-lasting relationships that customers tell us they value." Park's net income for the first quarter of 2024 was $35.2 millio
NEWARK, Ohio, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the fourth quarter and the full year of 2023. Park's board of directors declared a quarterly cash dividend of $1.06 per common share, payable on March 8, 2024, to common shareholders of record as of February 16, 2024. "We are pleased to end the year with solid loan growth for the third consecutive quarter and enter 2024 with strong asset quality," Park Chairman and Chief Executive Officer David Trautman said. "Park bankers remain committed to providing robust financial solutions in all market conditions." Park's net income for the fourth quarter of 2023
NEWARK, Ohio, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the third quarter and the first nine months of 2023. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on December 8, 2023, to common shareholders of record as of November 17, 2023. "In uncertain times, customers and prospects tell us they value predictability, consistency and access to their banker…Park bankers provide all three," Park Chairman and Chief Executive Officer David Trautman said. "We are pleased to report another quarter of impressive loan growth, which underscores our bankers' dedication to provide fin
NEWARK, Ohio, July 24, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the second quarter and first half of 2023. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on September 8, 2023, to common shareholders of record as of August 18, 2023. "Amidst a rapidly evolving economy, Park has demonstrated exceptional financial strength, supported by robust capital and liquidity," said Park Chairman and Chief Executive Officer David L. Trautman. "Our strong capital position allows us to weather uncertainties and offers long-term stability for our stakeholders." Park's net income for th
NEWARK, Ohio, April 21, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the first quarter of 2023. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on June 9, 2023 to common shareholders of record as of May 19, 2023. "Our associates serve customers when, where and how they prefer to be served. This produces solid financial results for our organization," said Park Chairman and Chief Executive Officer, David Trautman. "Our colleagues' commitment transcends banking, and begins with improving our communities." Park's net income for the first quarter of 2023 was $33.7 million,
NEWARK, Ohio, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the fourth quarter and full year of 2022. Park's board of directors declared a quarterly cash dividend of $1.05 per common share, payable on March 10, 2023 to common shareholders of record as of February 17, 2023. Park's net income for the fourth quarter of 2022 was $33.1 million, a 9.5 percent decrease from $36.5 million for the fourth quarter of 2021. Fourth quarter 2022 net income per diluted common share was $2.02, compared to $2.23 in the fourth quarter of 2021. Park's net income for the full year of 2022 was $148.4 million, a 3.6 percent decrease from $153
Board of directors declares special dividend NEWARK, Ohio, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the third quarter and first nine months of 2022. Park's board of directors declared a quarterly cash dividend of $1.04 per common share and a special cash dividend of $0.50 per common share in respect of Park's common shares, payable on December 9, 2022 to common shareholders of record as of November 18, 2022. "Growth is a byproduct of service. When we grow assets and liabilities, it's a result of taking care of customers in an exceptional way," said Park Chairman and Chief Executive Officer, David Trautman. "Our ass
NEWARK, Ohio, July 25, 2022 (GLOBE NEWSWIRE) -- Park National Corporation (Park) (NYSE:PRK) today reported financial results for the second quarter and first half of 2022. Park's board of directors declared a quarterly cash dividend of $1.04 per common share, payable on September 9, 2022 to common shareholders of record as of August 19, 2022. "Park bankers' enthusiasm, energy and competence are valued more than ever by customers and prospects alike. I am grateful for each of them and the talents they share," said Park Chairman and Chief Executive Officer David Trautman. "We listen to customers first, then find ways to help them on their journeys. If we do this right, we earn the c
U.S. stocks were mixed, with the Dow Jones index falling around 50 points on Tuesday. Shares of Danaher Corporation (NYSE:DHR) rose sharply during Tuesday's session after the company reported better-than-expected second quarter earnings. Danaher's second quarter sales decreased 3% year-over-year to $5.743 billion, beating the consensus of $5.59 billion. Danaher reported second-quarter adjusted EPS of $1.72, beating the consensus of $1.57, according to data from Benzinga Pro. Danaher shares gained 7.4% to $269.35 on Tuesday. Here are some other big stocks recording gains in today’s session. Kiniksa Pharmaceuticals International, plc (NASDAQ:KNSA) shares jumped 16% to $24.81 af
Park Ntl (AMEX:PRK) reported quarterly earnings of $2.42 per share which beat the analyst consensus estimate of $2.00 by 21 percent. This is a 24.74 percent increase over earnings of $1.94 per share from the same period last year.
Keefe, Bruyette & Woods analyst Damon Delmonte reiterates Park Ntl (AMEX:PRK) with a Market Perform and raises the price target from $125 to $130.
Park Ntl (AMEX:PRK) reported quarterly earnings of $2.17 per share which beat the analyst consensus estimate of $1.83 by 18.58 percent.
Park Ntl (AMEX:PRK) reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.71 by 16.96 percent. This is a 0.99 percent decrease over earnings of $2.02 per share from the same period last year.
Keefe, Bruyette & Woods maintains Park Ntl (AMEX:PRK) with a Market Perform and lowers the price target from $109 to $108.
On Tuesday, 56 companies set new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Apellis Pharmaceuticals (NASDAQ:APLS). 9 Meters Biopharma (NASDAQ:NMTR) was the smallest company by market cap to set a new 52-week low. Humanigen (NASDAQ:HGEN)'s stock came under the most pressure, trading down 73.22% to reach a new 52-week low. NeuBase Therapeutics (NASDAQ:NBSE) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. On Tuesday, the following stocks set new 52-week lows: Apellis Pharmaceuticals (NASDAQ:APLS) stock drifted down 2.25% on Tuesday morning to hi
Park Ntl (AMEX:PRK) reported quarterly earnings of $1.94 per share which missed the analyst consensus estimate of $1.97 by 1.52 percent. This is a 7.62 percent decrease over earnings of $2.10 per share from the same period last year.