Park National

PRK · NYSE American

$180.34+$2.62 (+1.47%)TodayMarket closed · Oct 20, 8:00 PM ET

Prev close $177.72

PRK analyst rating

HoldConsensus of 3 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold3
Underperform0
Sell0

12-month price target · 4 analysts

Average $215.56 (+19.5% upside)

Low: $207.05
Now: $180.34
High: $227.85

Upgrades and downgrades

The latest rating actions, newest first

PRK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Hovde Group	Sep 25, 2026	Initiates	Market Perform	$190.00	—
Keefe, Bruyette & Woods	Jul 30, 2026	Maintains	Market Perform	$180.00 → $205.00	64%
Piper Sandler	Jul 29, 2026	Maintains	Neutral	$189.00 → $217.00	72%
Piper Sandler	Jun 26, 2026	Maintains	Neutral	$188.00 → $189.00	72%
Piper Sandler	Apr 27, 2026	Maintains	Neutral	$183.00 → $188.00	72%
Piper Sandler	Feb 3, 2026	Maintains	Neutral	$176.00 → $183.00	72%
Keefe, Bruyette & Woods	Oct 29, 2025	Maintains	Market Perform	$175.00 → $180.00	64%
Piper Sandler	Oct 29, 2025	Maintains	Neutral	$185.00 → $176.00	72%

The case for and against

Updated Apr 17, 2026

Bull case

Park National Corp demonstrates a solid financial foundation, evidenced by an increase in net interest income (NII) to $113.6 million, surpassing consensus expectations by 1%, along with a notable rise in net interest margin (NIM) to 4.88%. The company exhibits robust growth in commercial lending, with loans increasing by $30 million sequentially, fueled primarily by a $28 million increase in commercial loans, indicating strong demand within its target market. Additionally, tangible book value (TBV) and tangible common equity (TCE) showed sequential increases of 3% to $72.77 and 49 basis points to 12.06%, respectively, highlighting the company's top-tier profitability and effective internal capital generation strategies.

Bear case

Park National Corp has experienced a decrease in certificates of deposit (CDs) by 4% quarter-over-quarter, attributed to balance sheet management aimed at staying below $10 billion in assets. In the fourth quarter, core fee income declined by 8% and operating expenses slightly increased, indicating potential issues with revenue generation compared to expectations. Furthermore, the projected net interest margin (NIM) is expected to decrease to 4.57% in the upcoming quarter, driven by lower yield loans and insufficient cost relief from the company's legacy divisions, raising concerns about the company's overall profitability.

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