Park National Co. (NYSEAMERICAN:PRK) is Park National Corp OH’s Largest Position

Park National Corp OH raised its holdings in shares of Park National Co. (NYSEAMERICAN:PRK) by 0.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,531,135 shares of the financial services provider’s stock after buying an additional 539 shares during the period. Park National comprises approximately 6.6% of Park National Corp OH’s portfolio, making the stock its largest position. Park National Corp OH owned about 9.39% of Park National worth $125,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in shares of Park National by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 6,452 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 119 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Park National by 3.0% during the second quarter. Advisor Group Holdings Inc. now owns 4,842 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 140 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Park National by 0.5% during the second quarter. Bank of America Corp DE now owns 35,144 shares of the financial services provider’s stock valued at $2,473,000 after acquiring an additional 182 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Park National by 26.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 940 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 199 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Park National by 0.7% during the first quarter. Swiss National Bank now owns 28,500 shares of the financial services provider’s stock valued at $2,213,000 after acquiring an additional 200 shares during the last quarter.

Shares of NYSEAMERICAN:PRK traded down $0.17 during trading on Thursday, reaching $81.79. 61,784 shares of the stock traded hands, compared to its average volume of 96,543. Park National Co. has a 52-week low of $64.53 and a 52-week high of $105.52.

Park National (NYSEAMERICAN:PRK) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.44. The firm had revenue of $112.15 million for the quarter, compared to analysts’ expectations of $99.16 million.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 21st were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Thursday, August 20th.

A number of research firms recently issued reports on PRK. Zacks Investment Research raised shares of Park National from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Boenning Scattergood began coverage on shares of Park National in a research note on Thursday, September 24th. They issued an “underperform” rating and a $75.00 price target for the company.

Park National Company Profile

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.

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

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