Park National Co. (NYSE:PRK) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of Park National Co. (NYSE:PRK) by 6,882.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,566 shares of the company’s stock after purchasing an additional 9,429 shares during the quarter. International Assets Investment Management LLC’s holdings in Park National were worth $1,271,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Park National during the first quarter worth about $51,000. Royal Bank of Canada grew its stake in shares of Park National by 19.8% in the 3rd quarter. Royal Bank of Canada now owns 582 shares of the company’s stock worth $73,000 after purchasing an additional 96 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Park National by 82.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 970 shares of the company’s stock worth $99,000 after purchasing an additional 438 shares during the last quarter. Numerai GP LLC acquired a new position in shares of Park National in the 3rd quarter worth approximately $200,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Park National in the 4th quarter worth approximately $204,000. Institutional investors own 62.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on shares of Park National in a research note on Friday, February 23rd. They issued a “neutral” rating and a $130.00 price objective on the stock.

Park National Stock Performance

Shares of PRK opened at $128.01 on Monday. The firm’s 50 day moving average is $129.54 and its 200-day moving average is $122.14. The stock has a market capitalization of $2.06 billion, a P/E ratio of 16.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.91 and a quick ratio of 0.91. Park National Co. has a 12-month low of $90.28 and a 12-month high of $137.26.

Park National (NYSE:PRK) last announced its earnings results on Monday, January 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.91 by $0.09. Park National had a net margin of 22.46% and a return on equity of 12.17%. The company had revenue of $140.73 million during the quarter, compared to analysts’ expectations of $119.14 million. Equities research analysts anticipate that Park National Co. will post 7.6 EPS for the current fiscal year.

Park National Profile

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.