New York State Common Retirement Fund Sells 2,801 Shares of Park National Co. (NYSEAMERICAN:PRK)

New York State Common Retirement Fund reduced its position in Park National Co. (NYSEAMERICAN:PRK) by 21.2% during the third quarter, Holdings Channel reports. The institutional investor owned 10,418 shares of the financial services provider’s stock after selling 2,801 shares during the quarter. New York State Common Retirement Fund’s holdings in Park National were worth $1,270,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PRK. Teacher Retirement System of Texas boosted its holdings in shares of Park National by 17.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,933 shares of the financial services provider’s stock valued at $227,000 after buying an additional 287 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Park National by 31.9% in the 2nd quarter. American Century Companies Inc. now owns 5,867 shares of the financial services provider’s stock valued at $689,000 after buying an additional 1,419 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Park National by 1.8% in the 2nd quarter. Swiss National Bank now owns 34,200 shares of the financial services provider’s stock valued at $4,016,000 after buying an additional 600 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Park National by 6.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,020 shares of the financial services provider’s stock valued at $237,000 after buying an additional 125 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Park National by 3.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,440 shares of the financial services provider’s stock valued at $756,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 50.80% of the company’s stock.

Shares of Park National stock opened at $142.17 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of 14.36 and a beta of 0.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.18. Park National Co. has a 52 week low of $107.23 and a 52 week high of $145.33.

Park National (NYSEAMERICAN:PRK) last announced its quarterly earnings data on Sunday, October 24th. The financial services provider reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.02. The firm had revenue of $114.01 million during the quarter, compared to analyst estimates of $108.91 million. Park National had a net margin of 33.61% and a return on equity of 15.40%. Analysts expect that Park National Co. will post 9.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 19th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Thursday, November 18th. Park National’s dividend payout ratio is presently 41.62%.

Separately, Zacks Investment Research lowered shares of Park National from a “hold” rating to a “sell” rating in a research report on Thursday, January 6th.

About Park National

Park National Corp. is a holding company, which engages in the provision of banking and non-banking financial services through its subsidiaries. It operates through the following segments: Park National Bank (PNB), Guardian Financial Services Company (GFSC), and All Other. The PNB segment provides general banking and trust services in Ohio, Kentucky, North Carolina, and South Carolina.

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Institutional Ownership by Quarter for Park National (NYSEAMERICAN:PRK)

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