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. More Details
6 star dividend payer with excellent balance sheet.
Share Price & News
How has Park National's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PRK's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PRK matched the US Banks industry which returned 58.4% over the past year.
Return vs Market: PRK exceeded the US Market which returned 35.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Park National's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StPark National Corporation's (NYSEMKT:PRK) CEO Will Probably Have Their Compensation Approved By Shareholders
3 months ago | Simply Wall StAre You An Income Investor? Don't Miss Out On Park National Corporation (NYSEMKT:PRK)
4 months ago | Simply Wall StIf You Like EPS Growth Then Check Out Park National (NYSEMKT:PRK) Before It's Too Late
Is Park National undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRK ($110.2) is trading below our estimate of fair value ($143.94)
Significantly Below Fair Value: PRK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PRK is poor value based on its PE Ratio (12.1x) compared to the US Banks industry average (11.4x).
PE vs Market: PRK is good value based on its PE Ratio (12.1x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: PRK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PRK is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.1x).
How is Park National forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PRK's earnings are forecast to decline over the next 3 years (-6.3% per year).
Earnings vs Market: PRK's earnings are forecast to decline over the next 3 years (-6.3% per year).
High Growth Earnings: PRK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PRK's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: PRK's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PRK's Return on Equity is forecast to be low in 3 years time (12.2%).
How has Park National performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRK has high quality earnings.
Growing Profit Margin: PRK's current net profit margins (31.8%) are higher than last year (25.2%).
Past Earnings Growth Analysis
Earnings Trend: PRK's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: PRK's earnings growth over the past year (49%) exceeds its 5-year average (9% per year).
Earnings vs Industry: PRK earnings growth over the past year (49%) exceeded the Banks industry 24.4%.
Return on Equity
High ROE: PRK's Return on Equity (14.3%) is considered low.
How is Park National's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: PRK's Assets to Equity ratio (9.5x) is low.
Allowance for Bad Loans: PRK has a low allowance for bad loans (67%).
Low Risk Liabilities: 93% of PRK's liabilities are made up of primarily low risk sources of funding.
Loan Level: PRK has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: PRK's Loans to Deposits ratio (86%) is appropriate.
Level of Bad Loans: PRK has an appropriate level of bad loans (1.8%).
What is Park National current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRK's dividend (3.74%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: PRK's dividend (3.74%) is in the top 25% of dividend payers in the US market (3.52%)
Stability and Growth of Payments
Stable Dividend: PRK's dividends per share have been stable in the past 10 years.
Growing Dividend: PRK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.9%), PRK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PRK's dividends in 3 years are forecast to be covered by earnings (53.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Trautman (59 yo)
Mr. David L. Trautman has been the Chief Executive Officer of Park National Corp. and its subsidiary Park National Bank since January 1, 2014. Mr. Trautman serves as Chairman at Park National Corporation s...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD2.11M) is below average for companies of similar size in the US market ($USD3.71M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: PRK's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: PRK's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Park National Corporation's company bio, employee growth, exchange listings and data sources
- Name: Park National Corporation
- Ticker: PRK
- Exchange: NYSEAM
- Founded: 1908
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.801b
- Shares outstanding: 16.34m
- Website: https://www.parknationalcorp.com
Number of Employees
- Park National Corporation
- 50 North Third Street
- PO Box 3500
- United States
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. It offers deposits for demand...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/23 01:45|
|End of Day Share Price||2021/07/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.