Healthcare of Ontario Pension Plan Trust Fund lessened its position in shares of Park National Co. (NYSE:PRK – Free Report) by 57.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,973 shares of the company’s stock after selling 12,080 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Park National were worth $1,467,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. First Trust Advisors LP raised its holdings in shares of Park National by 100.6% in the 1st quarter. First Trust Advisors LP now owns 32,530 shares of the company’s stock valued at $5,317,000 after purchasing an additional 16,314 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Park National by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 517,432 shares of the company’s stock worth $84,570,000 after purchasing an additional 5,859 shares in the last quarter. KBC Group NV grew its stake in shares of Park National by 47.9% during the first quarter. KBC Group NV now owns 719 shares of the company’s stock worth $118,000 after purchasing an additional 233 shares in the last quarter. Swiss National Bank increased its holdings in Park National by 12.6% in the first quarter. Swiss National Bank now owns 32,100 shares of the company’s stock valued at $5,247,000 after buying an additional 3,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Park National by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 116,009 shares of the company’s stock valued at $18,962,000 after buying an additional 1,421 shares during the last quarter. 62.65% of the stock is owned by hedge funds and other institutional investors.
Park National Trading Up 0.5%
Shares of Park National stock opened at $208.15 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $182.27 and a 200-day simple moving average of $172.24. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 22.36 and a beta of 0.69. Park National Co. has a 12-month low of $149.06 and a 12-month high of $214.10.
Park National Dividend Announcement
Wall Street Analyst Weigh In
PRK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Park National from $180.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday. Raymond James Financial assumed coverage on Park National in a research report on Tuesday, July 7th. They set a “market perform” rating for the company. Finally, Piper Sandler increased their price objective on Park National from $189.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Park National has an average rating of “Hold” and an average target price of $211.00.
Get Our Latest Analysis on PRK
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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