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PRK - Park National: Earnings Likely To Dip After Second Quarter's High
October, 07 2020 06:09 PM
Park National Corporation
The normalization of non-interest income and an increase in provision expense will likely pressurize earnings in the second half of the year. Credit risks are currently moderately high as around 10% of total loans required payment modifications by the end of the June-ending quarter. The June 2021 target price suggests a limited upside from the current market price, which warrants a neutral rating. For further details see:
Park National: Earnings Likely To Dip After Second Quarter's High
Stock Information
Company Name:
Park National Corporation
Stock Symbol:
PRK
Market:
NYSE
Website:
parknationalcorp.com
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