Park National Corp (NYSEAMERICAN: PRK) has reported E.P.S. of $2.18 for its first fiscal quarter (ending March 31) versus $2.08 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $7.94 compared to $8.81 a year ago.
Recent Price Action
Park National Corp (NYSEAMERICAN: PRK) stock closed at $128.01 on 4/19/24 after a large increase of 2.2%. Moreover, above average trading volume at 124% of normal accompanied the advance. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PRK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Park National has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Park National has a neutral Appreciation Score of 44 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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