Park National (NYSEAMERICAN:PRK) announced its earnings results on Sunday. The financial services provider reported $2.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.77, Fidelity Earnings reports. Park National had a net margin of 22.60% and a return on equity of 10.56%.
PRK stock traded down $0.14 during trading hours on Tuesday, reaching $112.12. The stock had a trading volume of 5,441 shares, compared to its average volume of 53,116. The company has a market capitalization of $1.83 billion, a PE ratio of 17.30 and a beta of 0.86. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $103.03. Park National has a fifty-two week low of $64.53 and a fifty-two week high of $113.72.
Separately, TheStreet upgraded shares of Park National from a “c+” rating to a “b” rating in a research note on Tuesday, November 3rd.
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio, Northern Kentucky, North Carolina, and South Carolina. 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.
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