Park National Corporation – Consensus indicates 0.5% upside potential

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National Park Company with ticker code (PRK) now have 3 analysts covering the stock. Analyst consensus points to a ‘Hold’ rating. The target price ranges between 137.5 and 130 by calculating the average target price we see 132.5. Now, with the previous close of 131.82, that would imply 0.5% upside potential. The 50 day moving average is at 135.96 and the 200 moving average now moves to 126.63. The market cap of the company is $2,146 million. You can visit the company’s website by visiting: https://www.parknationalcorp.com

The potential market capitalization would be $2,157 million based on market consensus.

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Park National Corporation operates as a bank holding company for Park National Bank which provides commercial and trust banking services in small and medium population areas. It offers deposits for current, savings and term accounts; trust and wealth management services; cash management services; vault operations; electronic funds transfers; Internet and mobile banking solutions with bill payment service; credit card; and various ancillary banking-related services for individuals. The Company also provides commercial lending, including industrial and commercial property financing, equipment, inventory and accounts receivable financing, acquisition financing and commercial leasing, and for finance companies consumption; commercial real estate loans including mortgage loans to developers and owners of commercial real estate; consumer loans, such as auto loans and leases; consumer credit 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 services offices and a network of 117 ATMs in 26 counties in Ohio, 1 county in Kentucky, 3 counties in North Carolina and 4 counties in South Carolina. Park National Corporation was founded in 1908 and is headquartered in Newark, Ohio.

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