Raymond James Starts Park National (PRK) at Market Perform

Raymond James analyst Daniel Tamayo initiates coverage on Park National (NYSE: PRK) with a Market Perform rating.

The analyst comments "Park National Corporation (PRK); Market Perform - Park National is a premium community bank franchise with an attractive low-cost core deposit base, strong credit and profitability profile, and very strong NIM. Disciplined execution, conservative underwriting, and consistent performance have historically supported a premium valuation. While we view PRK as one of the higher-quality banks in the group, we believe that is reflected in its premium valuation. We also see slowing earnings growth, expected NIM compression, integration risk, crossing $10B in assets, and multiple degradation risk as potential headwinds."

For an analyst ratings summary and ratings history on Park National click here. For more ratings news on Park National click here.

Shares of Park National closed at $185.08 yesterday.

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