Park National Co. (NYSE:PRK) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Park National Co. (NYSE:PRK) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,106 shares of the company’s stock after acquiring an additional 4,488 shares during the quarter. Deutsche Bank AG owned about 0.08% of Park National worth $2,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PRK. JPMorgan Chase & Co. raised its holdings in shares of Park National by 427.9% in the 4th quarter. JPMorgan Chase & Co. now owns 64,482 shares of the company’s stock worth $11,054,000 after purchasing an additional 52,268 shares in the last quarter. Barclays PLC grew its position in Park National by 161.7% in the third quarter. Barclays PLC now owns 28,528 shares of the company’s stock worth $4,792,000 after buying an additional 17,627 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Park National in the fourth quarter worth approximately $259,000. Janney Montgomery Scott LLC increased its holdings in shares of Park National by 236.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,124 shares of the company’s stock valued at $878,000 after buying an additional 3,599 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Park National by 55.8% during the 4th quarter. KBC Group NV now owns 787 shares of the company’s stock valued at $135,000 after acquiring an additional 282 shares during the last quarter. 62.65% of the stock is owned by institutional investors and hedge funds.

Park National Stock Down 0.1%

Shares of NYSE:PRK opened at $162.57 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.94. The company has a market cap of $2.63 billion, a PE ratio of 17.46 and a beta of 0.79. Park National Co. has a 52 week low of $131.93 and a 52 week high of $207.99. The firm has a 50 day simple moving average of $153.71 and a 200 day simple moving average of $167.91.

Park National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $1.07 per share. The ex-dividend date is Friday, May 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.63%. Park National’s payout ratio is presently 43.94%.

Analysts Set New Price Targets

PRK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Park National from $167.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, April 30th. Piper Sandler initiated coverage on Park National in a research report on Thursday, February 20th. They issued a “neutral” rating and a $185.50 price target for the company. Finally, Wall Street Zen cut Park National from a “hold” rating to a “sell” rating in a research note on Wednesday.

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 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.