PRK
Park National CorporationFinancial Services·Banks - Regional
$171.56
$3.1B market cap
Revenue
$356.8M
Free Cash Flow
$82.3M
Rev Growth
+0.0%
FCF Margin
23.1%
P/FCF
37.7x
EV/FCF
37.9x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual c
2-Year Price History
$169.58+32.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 188.5 | 51.7 | 51.7 | 41.7 | 30.9 | 26.6 | -4.3 | 152.3 | 169.1 | 17.5 | 17.6% | 1.8x | -- |
| Act | 2025-Q4 | 168.3 | 52.7 | 52.7 | 42.6 | 58.2 | 55.7 | -2.5 | 137.2 | 98.8 | 16.2 | 31.7% | 2.2x | -- |
Valuation & Metrics
Market Stats
Price$171.56
Market Cap$3.1B
Enterprise Value$3.1B
P/S Ratio8.7x
P/FCF37.7x
EV/FCF37.9x
FCF Margin (TTM)23.1%
FCF Yield2.7%
Dividend Yield (TTM)3.9%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$356.8M
Net Income$84.3M
Free Cash Flow$82.3M
Revenue Growth (YoY)+0.0%
EBITDA Margin29.2%
Net Margin23.6%
FCF Margin23.1%
CapEx % of Revenue1.9%
SBC % of Revenue0.9%
ROIC24.6%
WC Change % Rev-2.6%
Interest Coverage2.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.5M
Days to Cover5.8
Change (vs Prior)+0.6%
Need at least 2 settlement dates for chart
Employees
Headcount1,620
Revenue / Employee$220,230
Gross Profit / Employee$183,511
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
16.9%(+1.0% YoY)
241 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
32.3%(+4.8% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.2% YoY)
5 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $396M | $159.04 | +$25.9M | +$31.3M | -0.2% | $5.69T |
| PARK NATIONAL CORP /OH/ | $189M | $150.68 | +$16.7M | +$10.6M | -0.5% | $3.28B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $158M | $162.38 | +$157M | +$158M | — | $1.91T |
| STATE STREET CORPPassive | $122M | $144.78 | +$9.4M | +$20.4M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $120M | $162.38 | +$119M | +$120M | — | $4.04T |
| DIMENSIONAL FUND ADVISORS LPPassive | $84.6M | $120.70 | +$951K | +$3.0M | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $62.4M | $133.07 | +$5.7M | +$6.6M | +2.3% | $1.61T |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $29.5M | $128.13 | +$2.0M | +$1.6M | +0.7% | $645.81B |
| NORTHERN TRUST CORPPassive | $25.5M | $153.36 | +$2.6M | −$4.1M | -0.2% | $755.34B |
| Bank of New York Mellon Corp | $19.0M | $124.14 | +$231K | −$998K | -0.2% | $543.21B |
| MORGAN STANLEY | $18.3M | $139.30 | −$2.2M | +$623K | -0.3% | $1.65T |
| VANGUARD FIDUCIARY TRUST COPassive | $16.9M | $162.38 | +$16.8M | +$16.9M | — | $395.83B |
| PRINCIPAL FINANCIAL GROUP INC | $12.8M | $160.20 | +$1.6M | +$927K | -0.5% | $186.29B |
| GOLDMAN SACHS GROUP INC | $12.1M | $138.33 | −$635K | +$522K | -0.2% | $760.93B |
| UBS Group AG | $10.1M | $154.22 | −$455K | −$4.5M | -0.3% | $562.11B |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | $9.4M | $146.79 | +$1.3M | +$1.9M | -0.2% | $32.11B |
| BANK OF AMERICA CORP /DE/ | $9.2M | $127.70 | +$351K | +$577K | -0.1% | $1.36T |
| FMR LLC | $8.2M | $153.44 | +$895K | +$3.1M | -0.0% | $1.89T |
| Invesco Ltd. | $8.1M | $140.14 | +$1.8M | +$1.3M | -0.2% | $652.04B |
| Nuveen, LLC | $6.9M | $148.72 | +$1.6M | +$451K | +0.0% | $368.63B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.25%
avg per quarter
Holders (ex-self)
-0.24%
excl. this stock
Buyers (this Q)
-0.23%
137 buyers · $0.46B in
Sellers (this Q)
-0.22%
61 sellers · $0.02B out
alpha coverage: 80% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-4.8%
how holders react when this stock falls
On quiet Qs
-5.6%
−10% to +10% baseline
On rallies (+10%+)
+1.0%
how they react when this stock rises
Holders' portfolio flow this Q
+1.8%
inflows — adds are organic
Sellers' portfolio flow this Q
+6.6%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.5%
Holder mid (any stock)
-1.2%
Holder rally (any stock)
-2.9%
Biggest decreases this quarter
JANE STREET GROUP, LLCexited−$2.7MD. E. Shaw & Co., Inc.exited−$2.5MJ.W. COLE ADVISORS, INC.exited−$2.4MMORGAN STANLEY−$2.2Mα-0.3DARK FOREST CAPITAL MANAGEMENT LPexited−$1.1MMILLENNIUM MANAGEMENT LLCexited−$1.1MJanney Montgomery Scott LLCexited−$788KJefferies Financial Group Inc.exited−$761KVirtu Financial LLCexited−$705KGOLDMAN SACHS GROUP INC−$635Kα-0.2
New buyers this quarter
Top-5 holders · 65.2%
BlackRock, Inc.--
PARK NATIONAL CORP /OH/--
VANGUARD PORTFOLIO MANAGEMENT LLC--
STATE STREET CORP--
VANGUARD CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
PARK NATIONAL CORP /OH/1.2MCHARLES SCHWAB INVESTMENT MANAGEMENT INC181KFIRST TRUST ADVISORS LP33KBank of New York Mellon Corp116KGOLDMAN SACHS GROUP INC74KMORGAN STANLEY112KInvesco Ltd.50KUBS Group AG62KPRINCIPAL FINANCIAL GROUP INC78KVICTORY CAPITAL MANAGEMENT INC8K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$188.00960.0%
Last Year (3 analysts)$182.33630.0%
Current Price$171.56
Analyst Ratings
3
Hold: 3Consensus: Hold
Corporate
Order Flow (FINRA, ~3w lag)
14.7%retail-0.7pp
24.5%dark+0.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Park National Corporation: Administrative Shell Analysis and Reporting Integrity Review
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10