Park National Corp (NYSEMKT:PRK)
A bank holding company, which through its subsidiary banks, engages in the commercial banking and trust business.
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Recs
dividend and recovery of florida panhandle real estate and economy plus financials become more popular.
Recs
Park National Bank--the core company of the Park National Corporation--is one of the most solidly-run community banks that I have encountered. The quality of their customer service is nearly unrivaled by big banks present in the same area; this grants them a superb advantage with customer retention and satisfaction, a phenomenon that is a rare encounter in the modern world of banking. Their involvement in their home community is remarkable as well, further exemplifying their commitment to community service and investment.
The management of Park National Corporation runs the company responsibly and conservatively, for the most part; rather than favoring higher-risk activities like the larger banks, they prefer to stick to a solid foundation of responsible lending and growth of local business. The acquisition of the over-leveraged Vision Banks of Northwestern Florida and Alabama was a costly blunder that was later acknowledged, but such mistakes are rare for this company.
Business was hit hard during the recession, and is still recovering, but even when faced with a sharply declining stock price--which plunged to the mid 40's during the nadir of March 2009--the company held firm, continuing to lend money when many banks simply ceased to do so, and never once slashed its dividend. Several Fools had thought this dividend was unsustainable, but if the company can still afford to pay an unwavering $3.76 annual dividend per share in the face of the "Great Recession," I should think it speaks to the underlying strength of the company and its ability to weather harder times. With a strong 2010 now in the books as evidence of its resilience, Park is well-positioned to take advantage of a recovering economy in the year(s) to come.
Recs
I believe that this stock has great potential, its dividend is substantially higher than that of most of its competitors. Also I believe that it is higher than the market average. This companies management is very reliable and there to answer questions. They have a very strong community presence.
Recs
CONSERVATIVE MANAGEMENT, GOOD CASH FLOW, AND A VERY GOOD HISTORY.
Recs
looks like an unsustainable dividend
Recs
One of the lowest caps rated midwest banks.
Recs
It is becoming difficult to determine which stocks will win the race to the bottom.
This "bank holding" company has not taken the hit it is due for being part of this sector. Plus, EverydayInvestor took the time to write up this company. In the race to the bottom this one has plenty of room to outperform in it's race to Underperform the market.
Recs
They are a small regional bank in Ohio.
Strike 1
Their P/E is pretty dang high
strike 2
They sponsored my little league baseball team and we stunk
Strike three
:-)
seriously though my rough estimate is their Texas ratio is about 62%.
That's not so good.
Recs
Recs
Well managed regional bank that will be coming out of a tough time for banks.
Recs
http://www.bloggingstocks.com/category/top-picks-2007/
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