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NEW YORK ( TheStreet) -- Park National Corporation (AMEX: PRK) hit a new 52-week high Friday as it is currently trading at $72.74, above its previous 52-week high of $72.50 with 13,917 shares traded as of 11:54 a.m. ET. Average volume has been 46,700 shares over the past 30 days. Park has a market cap of $1.08 billion and is part of the financial sector and banking industry. Shares are up 8.5% year to date as of the close of trading on Thursday. Park National Corporation operates as a bank holding company that engages in the commercial banking and trust business. It accepts deposits for demand, savings, and time accounts, as well as services these accounts. The company has a P/E ratio of 13.8, below the average banking industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7.