Windsor Advisory Group LLC Makes New Investment in Park National Co. $PRK

Windsor Advisory Group LLC bought a new position in shares of Park National Co. (NYSE:PRK – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,765 shares of the company’s stock, valued at approximately $689,000. Park National makes up 0.5% of Windsor Advisory Group LLC’s holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Park National in the 2nd quarter worth about $473,814,000. Bank of New York Mellon Corp purchased a new position in Park National during the 2nd quarter valued at about $23,652,000. Park National Corp OH raised its position in Park National by 9.8% during the first quarter. Park National Corp OH now owns 1,155,964 shares of the company’s stock worth $188,942,000 after acquiring an additional 103,142 shares during the last quarter. State Street Corp raised its position in Park National by 8.3% during the second quarter. State Street Corp now owns 673,645 shares of the company’s stock worth $112,674,000 after acquiring an additional 51,381 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Park National by 3,571.9% during the 1st quarter. Jane Street Group LLC now owns 50,342 shares of the company’s stock worth $7,622,000 after purchasing an additional 48,971 shares in the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

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Park National Stock Down 0.2%

PRK stock opened at $199.54 on Thursday. 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 $215.00. The firm has a fifty day moving average price of $193.46 and a two-hundred day moving average price of $177.45. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 21.43 and a beta of 0.69.

Park National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 21st will be given a dividend of $1.10 per share. The ex-dividend date is Friday, August 21st. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. Park National’s payout ratio is currently 39.39%.

Analyst Upgrades and Downgrades

PRK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Park National from $180.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Piper Sandler raised their price objective on Park National from $189.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Raymond James Financial assumed coverage on Park National in a report on Tuesday, July 7th. They issued a “market perform” rating for the company. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $211.00.

Read Our Latest Stock Report on Park National

Park National Company Profile

(Free Report)

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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