1,652 Shares in Park National Co. (NYSE:PRK) Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new position in shares of Park National Co. (NYSE:PRK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,652 shares of the company's stock, valued at approximately $250,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Park National by 199.3% during the first quarter. GAMMA Investing LLC now owns 449 shares of the company's stock valued at $68,000 after buying an additional 299 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Park National by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 454 shares of the company's stock valued at $78,000 after buying an additional 404 shares in the last quarter. KBC Group NV increased its holdings in shares of Park National by 11.6% in 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 in the last quarter. CoreCap Advisors LLC boosted its holdings in Park National by 801.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,244 shares of the company's stock valued at $213,000 after acquiring an additional 1,106 shares during the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in Park National by 63.6% in the fourth quarter. Aquatic Capital Management LLC now owns 1,309 shares of the company's stock valued at $224,000 after buying an additional 509 shares during the period. Institutional investors own 62.65% of the company's stock.

Analyst Upgrades and Downgrades

PRK has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Park National from $167.00 to $170.00 and gave the company a "market perform" rating in a report on Wednesday, April 30th. Raymond James Financial began coverage on Park National in a report on Monday. They set a "market perform" rating on the stock. Finally, Wall Street Zen downgraded Park National from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

Park National Stock Down 2.0%

NYSE PRK traded down $3.35 on Thursday, hitting $166.24. 41,109 shares of the company were exchanged, compared to its average volume of 60,345. The stock has a fifty day moving average of $166.90 and a 200-day moving average of $162.01. Park National Co. has a 12 month low of $137.97 and a 12 month high of $207.99. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.69 billion, a PE ratio of 17.86 and a beta of 0.82.

Park National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.28 annualized dividend and a yield of 2.57%. Park National's payout ratio is 43.94%.

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.