Mutual of America Capital Management LLC Raises Stock Holdings in Park National Co. (NYSEAMERICAN:PRK)

Mutual of America Capital Management LLC increased its stake in shares of Park National Co. (NYSEAMERICAN:PRK – Get Rating) by 5.4% in the first quarter, HoldingsChannel reports. The firm owned 2,080 shares of the financial services provider’s stock after buying an additional 107 shares during the period. Mutual of America Capital Management LLC’s holdings in Park National were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PRK. Spreng Capital Management Inc. raised its stake in Park National by 1.1% in the fourth quarter. Spreng Capital Management Inc. now owns 13,004 shares of the financial services provider’s stock valued at $1,786,000 after buying an additional 140 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Park National by 2.4% in the first quarter. Stratos Wealth Partners LTD. now owns 7,432 shares of the financial services provider’s stock worth $977,000 after purchasing an additional 175 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Park National by 2.6% in the first quarter. Kestra Advisory Services LLC now owns 9,067 shares of the financial services provider’s stock worth $1,191,000 after purchasing an additional 229 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Park National by 27.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 275 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Park National by 6.9% in the first quarter. New York State Teachers Retirement System now owns 4,677 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 300 shares during the last quarter. 61.05% of the stock is currently owned by hedge funds and other institutional investors.

Park National Stock Performance

Shares of NYSEAMERICAN:PRK opened at $132.77 on Tuesday. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.15 and a beta of 0.78. Park National Co. has a 52-week low of $111.22 and a 52-week high of $145.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

Park National (NYSEAMERICAN:PRK – Get Rating) last posted its earnings results on Monday, July 25th. The financial services provider reported $2.10 EPS for the quarter, topping the consensus estimate of $2.04 by $0.06. Park National had a return on equity of 14.11% and a net margin of 32.35%. Analysts forecast that Park National Co. will post 7.86 EPS for the current year.

Park National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, August 18th. Park National’s dividend payout ratio (DPR) is 44.35%.

Park National Profile

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Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company 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.