Park National (NYSEAMERICAN:PRK) Issues Quarterly Earnings Results, Beats Expectations By $0.77 EPS

Park National (NYSEAMERICAN:PRK) posted its earnings results on Sunday. The financial services provider reported $2.75 EPS for the quarter, topping the consensus estimate of $1.98 by $0.77, Fidelity Earnings reports. Park National had a net margin of 22.60% and a return on equity of 10.56%.

Park National stock traded down $0.14 during mid-day trading on Tuesday, hitting $112.12. 5,441 shares of the stock were exchanged, compared to its average volume of 53,116. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.32. Park National has a 12 month low of $64.53 and a 12 month high of $113.72. The firm’s fifty day moving average price is $103.03. The firm has a market capitalization of $1.83 billion, a PE ratio of 17.30 and a beta of 0.86.

Separately, TheStreet upgraded shares of Park National from a “c+” rating to a “b” rating in a research report on Tuesday, November 3rd.

Park National Company Profile

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio, Northern Kentucky, North Carolina, and South Carolina. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.

Read More: Limitations to arbitrage trading

Earnings History for Park National (NYSEAMERICAN:PRK)

Receive News & Ratings for Park National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park National and related companies with MarketBeat.com's FREE daily email newsletter.