Park National Corp OH grew its position in Park National Co. (NYSE:PRK – Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,155,964 shares of the company’s stock after purchasing an additional 103,142 shares during the quarter. Park National makes up about 5.8% of Park National Corp OH’s investment portfolio, making the stock its largest holding. Park National Corp OH owned approximately 6.40% of Park National worth $188,942,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PRK. Ballentine Partners LLC raised its position in shares of Park National by 3.2% during the 4th quarter. Ballentine Partners LLC now owns 2,090 shares of the company’s stock valued at $318,000 after purchasing an additional 64 shares during the period. Quadrant Capital Group LLC boosted its holdings in Park National by 3.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,926 shares of the company’s stock worth $293,000 after buying an additional 66 shares during the period. GAMMA Investing LLC boosted its holdings in Park National by 13.4% in the 4th quarter. GAMMA Investing LLC now owns 628 shares of the company’s stock worth $96,000 after buying an additional 74 shares during the period. LPL Financial LLC increased its stake in Park National by 0.9% in the 4th quarter. LPL Financial LLC now owns 10,844 shares of the company’s stock worth $1,650,000 after buying an additional 92 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Park National by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,879 shares of the company’s stock worth $438,000 after buying an additional 93 shares in the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.
Park National Stock Performance
NYSE:PRK opened at $176.62 on Friday. 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 Co. has a 1 year low of $149.06 and a 1 year high of $182.34. The stock’s 50 day simple moving average is $172.22 and its two-hundred day simple moving average is $166.05. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 18.97 and a beta of 0.70.
Park National Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Zacks Research cut Park National from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Piper Sandler upped their price objective on Park National from $183.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $184.00.
Read Our Latest Analysis on Park National
About Park National
Park National Corporation is a bank holding company whose primary subsidiary, The Park National Bank, provides a full suite of commercial and personal banking services. The company’s main business activities include deposit-taking, commercial and industrial lending, mortgage originations and trust and wealth management services. Park National aims to serve the financial needs of businesses, professionals, families and nonprofit organizations across its regional footprint.
Through its subsidiary banks, Park National offers traditional deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside loan products including commercial real estate loans, agricultural lending, equipment financing and consumer installment loans.
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