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Park National: Upgrading To Hold After Recent Price Rout, Earnings Outlook Remains Positive

Source: SeekingAlpha

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
Park National Corporation

NASDAQ: PRK

PRK Trading

0.01% G/L:

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PRK Stock Data

$2,779,449,152
15,341,878
N/A
119
N/A
Banking
Finance
US
Newark

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