|Company name||Park National Corporation|
|Live stock price||[stckqut]PRK[/stckqut]|
|P/E compared to competitors||Good|
|Confident Investor Rating||Fair|
|Target stock price (TWCA growth scenario)||$102.02|
|Target stock price (averages with growth)||$109.17|
|Target stock price (averages with no growth)||$92.78|
|Target stock price (manual assumptions)||$70.42|
The following company description is from Google Finance: http://www.google.com/finance?q=prk
Park National Corporation (Park) is a bank holding company. Park operates in two segments: The Park National Bank (Park National Bank) and SE Property Holdings, LLC (SE LLC). During the year ended December 31, 2011, the Company formed SE LLC to purchase other real estate owned (OREO) from the Company’s wholly owned subsidiary, Vision Bank and continue to market such properties for sale. During 2011, and until February 16, 2012, Park’s banking operations were conducted through two subsidiary banks: Park National Bank and Vision Bank. On February 16, 2012, the Company and Vision Bank, a state-chartered bank, completed their sale of substantially all of the performing loans, operating assets and liabilities associated with Vision Bank to Centennial Bank, a state-chartered bank which is a wholly owned subsidiary of Home BancShares, Inc. Following the closing of the transactions, Vision Bank merged with and into SE LLC, with SE LLC being the surviving entity.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in this stock as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.