Park National Corporation

Park National Corporation is an AMEX listed security that has been trading in a range between $81.75 and $105.27 over the past year. With 14,588,260 shares outstanding, a recent price of $84.45 gives a total market capitalization of $1,236,500,949. While there are certainly larger companies, Park National Corporation has definitely earned its place in the pack. Last year, Park National Corporation created $6.54 in earnings for every share outstanding.

Park National Corporation is currently priced by the market at 13.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price over $50 a share and earnings per share in excess of $1 a share, Park National Corporation could be an interesting value proposition.