New York State Teachers Retirement System Grows Holdings in Park National Co. (NYSEAMERICAN:PRK)

New York State Teachers Retirement System grew its stake in Park National Co. (NYSEAMERICAN:PRK – Get Rating) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,077 shares of the financial services provider’s stock after buying an additional 200 shares during the period. New York State Teachers Retirement System’s holdings in Park National were worth $632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new stake in shares of Park National in the 3rd quarter valued at $26,000. Asset Dedication LLC purchased a new stake in shares of Park National in the 3rd quarter valued at $44,000. Quantbot Technologies LP purchased a new stake in shares of Park National in the 1st quarter valued at $51,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Park National by 31.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 845 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 200 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Park National in the 2nd quarter valued at $139,000. Hedge funds and other institutional investors own 51.82% of the company’s stock.

Park National Stock Performance

Shares of Park National stock opened at $136.49 on Friday. Park National Co. has a 52-week low of $112.78 and a 52-week high of $151.59. The stock has a market cap of $2.22 billion, a PE ratio of 14.71 and a beta of 0.79. The firm has a fifty day simple moving average of $129.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

Park National (NYSEAMERICAN:PRK – Get Rating) last announced its quarterly earnings results on Monday, October 24th. The financial services provider reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.56). The firm had revenue of $137.52 million for the quarter, compared to analysts’ expectations of $117.78 million. Park National had a net margin of 30.46% and a return on equity of 12.89%. On average, equities research analysts forecast that Park National Co. will post 9.56 earnings per share for the current fiscal year.

Park National Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 18th were given a dividend of $1.04 per share. The ex-dividend date was Thursday, November 17th. This represents a $4.16 annualized dividend and a yield of 3.05%. Park National’s payout ratio is currently 44.83%.

About Park National

(Get Rating)

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.