Park National Co. $PRK Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Park National Co. (NYSE:PRK) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,300 shares of the company’s stock after selling 500 shares during the quarter. Swiss National Bank owned 0.19% of Park National worth $4,739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of Park National by 199.3% during the 1st quarter. GAMMA Investing LLC now owns 449 shares of the company’s stock valued at $68,000 after purchasing an additional 299 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Park National by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 454 shares of the company’s stock valued at $78,000 after purchasing an additional 404 shares during the last quarter. KBC Group NV lifted its stake in Park National by 11.6% during the first quarter. KBC Group NV now owns 878 shares of the company’s stock valued at $133,000 after purchasing an additional 91 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Park National by 801.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,244 shares of the company’s stock worth $213,000 after buying an additional 1,106 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its position in Park National by 63.6% in the fourth quarter. Aquatic Capital Management LLC now owns 1,309 shares of the company’s stock worth $224,000 after buying an additional 509 shares during the last quarter. 62.65% of the stock is currently owned by institutional investors.

Park National Price Performance

NYSE PRK opened at $166.71 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.95. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.91 and a beta of 0.76. The company has a 50 day simple moving average of $166.88 and a 200-day simple moving average of $161.23. Park National Co. has a 52-week low of $137.97 and a 52-week high of $207.99.

Park National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. Park National’s dividend payout ratio (DPR) is 41.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Park National from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Raymond James Financial assumed coverage on Park National in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price target on Park National from $167.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $177.75.

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.