Park National Corporation (PRK)
Park National Corporation is a bank holding company headquartered in Newark, Ohio, and operates through its principal subsidiary, Park National Bank. It provides a wide range of commercial banking and trust services primarily targeting small to medium-sized communities. The company's commitment to personalized customer service and community engagement drives its growth strategy, making it a pivotal financial institution in its operating regions. With a focus on stability and relationship-based banking, Park National Corporation is well-positioned to navigate market trends while fostering sustainable partnerships with its clients.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 49.41% per annum.
- PRK price at the close of March 13, 2026 was $156.12 and was lower than the bottom border of the primary price channel by $79.85 (33.84%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.69% per annum.
- PRK price at the close of March 13, 2026 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PRK price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 30, 2023
End date: February 11, 2025
a = 3.6238
b = 0.0011
s = 0.0833
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 49.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0833) – 1
= 39.54%
March 30, 2023 calculations
Top border of price channel:
Exp(Y515)
= Exp(a + b × X515 + 2 × s)
= Exp(a + b × 745 + 2 × s)
= Exp(3.6238 + 0.0011 × 745 + 2 × 0.0833)
= Exp(4.6099)
= $100.48
Bottom border of price channel:
Exp(Y515)
= Exp(a + b × X515 – 2 × s)
= Exp(a + b × 745 – 2 × s)
= Exp(3.6238 + 0.0011 × 745 – 2 × 0.0833)
= Exp(4.2767)
= $72.00
February 11, 2025 calculations
Top border of price channel:
Exp(Y983)
= Exp(a + b × X983 + 2 × s)
= Exp(a + b × 1,429 + 2 × s)
= Exp(3.6238 + 0.0011 × 1,429 + 2 × 0.0833)
= Exp(5.3624)
= $213.23
Bottom border of price channel:
Exp(Y983)
= Exp(a + b × X983 – 2 × s)
= Exp(a + b × 1,429 – 2 × s)
= Exp(3.6238 + 0.0011 × 1,429 – 2 × 0.0833)
= Exp(5.0292)
= $152.81
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 49.41% per annum.
- PRK price at the close of March 13, 2026 was $156.12 and was lower than the bottom border of the primary price channel by $79.85 (33.84%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 15, 2024
End date: March 13, 2026
a = 5.1516
b = 0.0000
s = 0.0602
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0602) – 1
= 27.22%
July 15, 2024 calculations
Top border of price channel:
Exp(Y838)
= Exp(a + b × X838 + 2 × s)
= Exp(a + b × 1,218 + 2 × s)
= Exp(5.1516 + 0.0000 × 1,218 + 2 × 0.0602)
= Exp(5.2151)
= $184.03
Bottom border of price channel:
Exp(Y838)
= Exp(a + b × X838 – 2 × s)
= Exp(a + b × 1,218 – 2 × s)
= Exp(5.1516 + 0.0000 × 1,218 – 2 × 0.0602)
= Exp(4.9744)
= $144.66
March 13, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.1516 + 0.0000 × 1,824 + 2 × 0.0602)
= Exp(5.1868)
= $178.90
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.1516 + 0.0000 × 1,824 – 2 × 0.0602)
= Exp(4.9461)
= $140.62
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.69% per annum.
- PRK price at the close of March 13, 2026 was inside the secondary price channel.