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Park National Corporation reports financial results for first quarter 2024
Globe Newswire (Fri, 19-Apr 4:15 PM ET)
Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. Park National provides banking and other financial services to consumers and businesses.
Park Ntl trades on the AMEX stock market under the symbol PRK.
As of May 2, 2024, PRK stock price climbed to $135.84 with 3,943 million shares trading.
PRK has a beta of 0.90, meaning it tends to be less sensitive to market movements. PRK has a correlation of 0.16 to the broad based SPY ETF.
PRK has a market cap of $2.19 billion. This is considered a Mid Cap stock.
Last quarter Park Ntl reported $122 million in Revenue and $2.15 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.32.
In the last 3 years, PRK stock traded as high as $151.59 and as low as $90.28.
The top ETF exchange traded funds that PRK belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
PRK has outperformed the market in the last year with a price return of +28.5% while the SPY ETF gained +22.5%. PRK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.3% and +8.9%, respectively, while the SPY returned +3.0% and +0.4%, respectively.
PRK support price is $131.79 and resistance is $136.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRK stock will trade within this expected range on the day.