AMEX:PRK

Stock Analysis Report

Executive Summary

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Park National's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

PRK

-0.7%

US Banks

-0.2%

US Market


1 Year Return

-9.9%

PRK

-6.4%

US Banks

1.1%

US Market

PRK underperformed the Banks industry which returned -5.6% over the past year.

PRK underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

PRKIndustryMarket
7 Day-2.8%-0.7%-0.2%
30 Day6.3%9.1%2.5%
90 Day0.7%5.1%1.6%
1 Year-5.8%-9.9%-3.8%-6.4%3.4%1.1%
3 Year13.9%1.2%54.4%43.7%45.2%35.8%
5 Year56.1%27.3%64.6%46.8%62.6%44.8%

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

1 month ago | Simply Wall St

Is It Worth Considering Park National Corporation (NYSEMKT:PRK) For Its Upcoming Dividend?

Valuation

Is Park National undervalued based on future cash flows and its price relative to the stock market?

4%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Park National's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Park National's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Park National is overvalued based on earnings compared to the US Banks industry average.

Park National is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Park National is good value based on expected growth next year.


Price Based on Value of Assets

Park National is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Park National expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Park National's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

Park National's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).

Park National's revenue growth is positive but not above the United States of America market average.

Park National's earnings growth is expected to exceed the United States of America market average.

Park National's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Park National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Park National performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Park National's year on year earnings growth rate has been positive over the past 5 years.

Park National's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Park National's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Park National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Park National used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Park National improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Park National has an acceptable proportion of non-loan assets held.

Park National has a low allowance for bad loans.

Park National's liabilities are made up of primarily low risk sources of funding.

Park National's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Park National are broadly funded by customer deposits.

Park National has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Park National's current dividend yield, its reliability and sustainability?

4.47%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Park National's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Park National's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Park National's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average management tenure


CEO

David Trautman (57yo)

5.7yrs

Tenure

US$1,807,467

Compensation

Mr. David L. Trautman has been the Chief Executive Officer of Park National Corp. and its subsidiary Park National Bank since January 1, 2014. Education: Bachelor of Arts in Economics - Duke Universit ...


CEO Compensation Analysis

David's remuneration is lower than average for companies of similar size in United States of America.

David's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.7yrs

Average Tenure

53yo

Average Age

The average tenure for the Park National management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.4yrs

Average Tenure

61yo

Average Age

The tenure for the Park National board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$107,38619 Feb 19
Timothy McLain
EntityIndividual
Shares1,100
Max PriceUS$97.64

Ownership Breakdown


Management Team

  • Phillip Leitnaker (90yo)

    Member of Advisory Board of Fairfield National Division

    • Tenure: 0yrs
  • David Trautman (57yo)

    CEO & Chairman of the Board

    • Tenure: 5.7yrs
    • Compensation: US$1.81m
  • Brady Burt (47yo)

    CFO, Secretary & Treasurer

    • Tenure: 6.8yrs
    • Compensation: US$790.27k
  • Laura Lewis (59yo)

    Senior VP

    • Tenure: 0yrs
  • Jeffrey Wilson (53yo)

    Chief Administrative Officer

    • Tenure: 7yrs
  • Matt Miller (40yo)

    President & Director

    • Tenure: 0.3yrs
  • Edds Herreman (36yo)

    Chief Accounting Officer

    • Tenure: 2.4yrs
  • Cynthia Crane

    Vice President

    • Tenure: 0yrs
  • Jerry Nethers

    Vice President

    • Tenure: 0yrs
  • Stu Parsons

    Senior Vice President

    • Tenure: 0yrs

Board Members

  • Dan DeLawder (70yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$1.28m
  • David Trautman (57yo)

    CEO & Chairman of the Board

    • Tenure: 5.7yrs
    • Compensation: US$1.81m
  • Donna Alvarado (70yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$111.10k
  • Lee Zazworsky (70yo)

    Lead Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$137.22k
  • F. Englefield (64yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$109.59k
  • Jim DeRoberts (62yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$77.87k
  • Steve Kambeitz (60yo)

    Director

    • Tenure: 9.7yrs
    • Compensation: US$98.07k
  • Matt Miller (40yo)

    President & Director

    • Tenure: 0.3yrs
  • Robert O’Neill (56yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$111.54k
  • Julie Sloat (49yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$80.57k

Company Information

Park National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Park National Corporation
  • Ticker: PRK
  • Exchange: AMEX
  • Founded: 1908
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.594b
  • Shares outstanding: 16.41m
  • Website: https://www.parknationalcorp.com

Number of Employees


Location

  • Park National Corporation
  • 50 North Third Street
  • PO Box 3500
  • Newark
  • Ohio
  • 43058
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRKAMEX (NYSE MKT LLC)YesCommon StockUSUSDAug 1990

Biography

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:19
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.