Hsbc Holdings PLC Has $322,000 Holdings in Park National Co. $PRK

Hsbc Holdings PLC grew its stake in Park National Co. (NYSE:PRK) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,105 shares of the company’s stock after acquiring an additional 429 shares during the period. Hsbc Holdings PLC’s holdings in Park National were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PRK. Northern Trust Corp raised its stake in shares of Park National by 4.3% in the fourth quarter. Northern Trust Corp now owns 182,808 shares of the company’s stock worth $31,339,000 after acquiring an additional 7,505 shares during the last quarter. Algert Global LLC bought a new stake in shares of Park National during the fourth quarter worth approximately $251,000. Citadel Advisors LLC raised its stake in shares of Park National by 58.3% during the fourth quarter. Citadel Advisors LLC now owns 15,041 shares of the company’s stock worth $2,578,000 after buying an additional 5,542 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of 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 during the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of Park National during the fourth quarter worth approximately $2,018,000. 62.65% of the stock is owned by institutional investors.

Park National Stock Down 0.1%

Shares of NYSE:PRK opened at $170.77 on Thursday. Park National Co. has a 52 week low of $137.97 and a 52 week high of $207.99. 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 capitalization of $2.74 billion, a PE ratio of 18.34 and a beta of 0.77. The company has a 50 day moving average price of $169.21 and a two-hundred day moving average price of $161.40.

Park National Announces Dividend

The company 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 $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 15th. Park National’s dividend payout ratio is presently 41.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PRK shares. Raymond James Financial started coverage on shares of Park National in a research note on Monday, July 21st. They set a “market perform” rating for the company. Wall Street Zen downgraded shares of Park National from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $177.75.

About Park National

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.