Park National (NYSEAMERICAN:PRK) Posts Quarterly Earnings Results, Misses Expectations By $0.37 EPS

Park National (NYSEAMERICAN:PRKGet Rating) posted its earnings results on Monday. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.37), MarketWatch Earnings reports. Park National had a return on equity of 12.89% and a net margin of 30.46%. The firm had revenue of $135.20 million during the quarter, compared to the consensus estimate of $126.90 million.

Park National Stock Down 8.3 %

NYSEAMERICAN PRK opened at $124.01 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $2.02 billion, a P/E ratio of 13.36 and a beta of 0.79. Park National has a 52 week low of $112.78 and a 52 week high of $151.59. The firm’s 50-day simple moving average is $129.59.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its holdings in shares of Park National by 2.3% in the second quarter. Captrust Financial Advisors now owns 3,759 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 85 shares during the period. FMR LLC grew its position in Park National by 1.5% during the second quarter. FMR LLC now owns 5,973 shares of the financial services provider’s stock worth $724,000 after buying an additional 89 shares in the last quarter. Royal Bank of Canada grew its position in Park National by 19.8% during the third quarter. Royal Bank of Canada now owns 582 shares of the financial services provider’s stock worth $73,000 after buying an additional 96 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Park National by 0.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,617 shares of the financial services provider’s stock worth $1,772,000 after buying an additional 98 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Park National by 0.4% during the second quarter. Legal & General Group Plc now owns 35,768 shares of the financial services provider’s stock worth $4,337,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 51.82% of the company’s stock.

Park National Company Profile

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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. The company 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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Earnings History for Park National (NYSEAMERICAN:PRK)

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