Park National Corporation: Consensus indicates downside potential of -3.8%

National Park Corporation ticker-coded (PRK) now have 3 analysts covering the stock with the consensus that suggests a ‘Hold’ rating. The target price ranges between 137.5 and 121, calculating the average target price we have 128.17. With the previous close of the shares at 133.27, this indicates that there is a possible drop of -3.8%. The 50-day MA is 132.5 and the 200-day MA is 125.23. The company has a market capitalization of $ 2.194 billion. Company Website:

Park National Corporation operates as the bank holding company for Park National Bank providing commercial banking and trust services in small and medium population areas. Offers deposits for sight, savings and term accounts; trust and wealth management services; cash management services; secure deposit operations; electronic fund transfers; Mobile banking and Internet solutions with bill payment service; Credit cards; and various additional banking services for individual clients. The company also provides commercial loans, which include financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, financing of acquisitions and commercial leasing, as well as for consumer financing companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; consumer loans, such as auto loans and leases; consumer finance services; home equity lines of credit; and residential construction and real estate loans, as well as installment loans and business 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 Ohio counties, 1 Kentucky county, 3 North Carolina counties, and 4 South Carolina counties. Park National Corporation was founded in 1908 and is based in Newark, Ohio.

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