Park National Co. $PRK Stock Purchased by Park National Corp OH

Park National Corp OH raised its holdings in Park National Co. (NYSE:PRK) by 1.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,145,746 shares of the company’s stock after purchasing an additional 17,824 shares during the quarter. Park National makes up 5.5% of Park National Corp OH’s investment portfolio, making the stock its largest position. Park National Corp OH owned approximately 0.06% of Park National worth $204,699,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Versant Capital Management Inc boosted its stake in shares of Park National by 91.2% in the third quarter. Versant Capital Management Inc now owns 501 shares of the company’s stock valued at $90,000 after buying an additional 239 shares in the last quarter. Tidal Investments LLC purchased a new position in Park National in the second quarter worth $613,000. Nykredit A S acquired a new stake in Park National in the second quarter valued at $190,000. Corient Private Wealth LP lifted its holdings in Park National by 3.8% in the second quarter. Corient Private Wealth LP now owns 18,989 shares of the company’s stock valued at $3,475,000 after acquiring an additional 693 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Park National during the 2nd quarter worth $201,000. 62.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PRK has been the subject of a number of research analyst reports. National Bank Financial set a $190.00 price target on shares of Park National in a report on Friday, September 25th. Hovde Group started coverage on shares of Park National in a report on Friday, September 25th. They set a “market perform” rating and a $190.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating on shares of Park National in a report on Friday, September 25th. Raymond James Financial started coverage on shares of Park National in a research report on Tuesday, July 7th. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Park National from $180.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $200.50.

Park National Price Performance

Shares of NYSE PRK traded down $0.96 on Monday, hitting $182.19. The company’s stock had a trading volume of 32,375 shares, compared to its average volume of 93,453. The stock has a 50 day moving average of $194.96 and a 200-day moving average of $181.06. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 19.57 and a beta of 0.72. Park National Co. has a 12-month low of $149.06 and a 12-month high of $215.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.95.

Park National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 21st were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $4.40 dividend on an annualized basis and a yield of 2.4%. Park National’s dividend payout ratio is presently 39.39%.

Park National Company Profile

Park National Corporation is a bank holding company headquartered in Newark, Ohio. Through its principal subsidiary, Park National Bank, the company provides a range of banking and financial services to individuals, families, businesses, nonprofit organizations and public entities. Its roots date to the founding of The Park National Bank in 1908.

Park National’s banking activities include checking and savings accounts, certificates of deposit, residential mortgages, commercial real estate financing, business loans, consumer lending and agricultural lending.