PRK - Park National: Upgrading To Hold After Recent Price Rout, Earnings Outlook Remains Positive
2025-03-18 21:32:25 ET
Summary
- Park National Corporation’s loan growth will likely slow down this year because of Canada’s counter-tariffs, deteriorating consumer sentiment, and high mortgage rates.
- The margin grew more than expected in the last quarter. As a result, I’ve raised my average margin estimate and consequently raised my EPS estimate for 2025.
- I’m expecting an EPS of $9.58 for 2025, up 3% year-over-year.
- Following a sharp price rout, PRK is now trading near its fair value. Further, it’s offering a dividend yield of 3.1%.
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Park National: Upgrading To Hold After Recent Price Rout, Earnings Outlook Remains Positive