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PRK · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Park National Corporation (PRK) stock moving?
PRK closed at $179.82 on Nov 10, down about 2% from $183.68 on Oct 22, and has traded in a range of roughly $170.54 to $186.89 over the last three weeks. The Oct 30 intraday low of $170.54 was followed by a rebound to $183.02 on Nov 2, which shows buyers defended that low, but the stock has not held above $183 since and now sits in the lower-middle part of its range. Volume was heavy on Oct 27-28 (130k-138k shares) and Nov 5 (146k, the largest of the window, on a fall from $185.08 to $179.70). It then faded to 46k on Nov 10, the lowest in the window, which points to shrinking participation. Newsflow is thin: Piper Sandler kept a Neutral rating and cut its target to $201 on Oct 28, about 12% above the last close. Park furnished Q3 2026 results on Oct 26, an investor presentation on Nov 3 and filed its 10-Q on Nov 5, but the filing text available does not include the figures, so the earnings impact cannot be judged. The overall picture is balanced with only a slight lean toward neutral.
News behind the analysis
- Piper Sandler Maintains Neutral on Park National, Lowers Price Target to $201Piper Sandler kept its Neutral rating on Park National and cut its price target to $201, about 12% above the latest close of $179.82.
- Form 8-K: Results of Operations for the Three and Nine Months Ended September 30, 2026Park furnished its Q3 and nine-month 2026 financial results release as Exhibit 99.1. The figures are not in the filing text provided, so their impact cannot be assessed here.
- Form 8-K: Regulation FD Investor PresentationPark furnished an investor presentation that it may use with analysts and investors on or after Nov 3, 2026. The slide content is not included in the filing text provided.
- Form 10-Q Quarterly ReportPark filed its quarterly report on Form 10-Q. The filing text provided does not include its contents, so no new figures can be drawn from it.
About Park National Corporation
Park National Corporation is a bank holding company based in Newark, Ohio. Its main business is The Park National Bank, founded in 1908, and the company had roughly $12.6 billion in assets as of September 2026. It is known for steady profits that rank above most peers, low loan losses and a large quarterly dividend (about $1.10 per share). In February 2026 it grew into Tennessee by buying First Citizens Bancshares, a bank with about $2.6 billion in assets.
How it makes money
About 79% of revenue comes from net interest income. That is the gap between the interest Park earns on loans and investments and the interest it pays on deposits and borrowings. Its deposits cost relatively little, since about 29% of them pay no interest at all. The other roughly 21% comes from fees, such as trust and wealth management, service charges and card fees.
What usually moves PRK
- Interest rates and net interest margin
- Loan growth and credit quality in Ohio and the Southeast
- Integration of the First Citizens acquisition
- Deposit costs and competition for deposits
- Dividend sustainability and capital levels