Susquehanna International Group LLP lessened its holdings in Park National Co. (NYSE:PRK - Free Report) by 76.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,140 shares of the company's stock after selling 6,887 shares during the period. Susquehanna International Group LLP's holdings in Park National were worth $392,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PRK. MassMutual Private Wealth & Trust FSB lifted its holdings in Park National by 253.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 152 shares of the company's stock worth $28,000 after buying an additional 109 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Park National by 629.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 175 shares of the company's stock valued at $29,000 after acquiring an additional 151 shares during the period. Danske Bank A S increased its holdings in shares of Park National by 100.0% in the 4th quarter. Danske Bank A S now owns 200 shares of the company's stock valued at $30,000 after acquiring an additional 100 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Park National in the 2nd quarter worth $30,000. Finally, Quarry LP raised its position in shares of Park National by 878.3% in the 3rd quarter. Quarry LP now owns 225 shares of the company's stock worth $37,000 after acquiring an additional 202 shares in the last quarter. 62.65% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Piper Sandler raised their price objective on Park National from $189.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Raymond James Financial initiated coverage on shares of Park National in a report on Tuesday, July 7th. They issued a "market perform" rating for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Park National from $180.00 to $205.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $211.00.
Read Our Latest Report on Park National
Park National Stock Performance
Shares of NYSE PRK opened at $195.29 on Tuesday. Park National Co. has a 12 month low of $149.06 and a 12 month high of $215.00. 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 stock has a market cap of $3.53 billion, a price-to-earnings ratio of 20.98 and a beta of 0.69. The company has a 50 day simple moving average of $194.70 and a two-hundred day simple moving average of $177.90.
Park National Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 21st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Park National's dividend payout ratio is presently 39.39%.
About Park National
(
Free Report)
Park National Corporation is a bank holding company whose primary subsidiary, The Park National Bank, provides a full suite of commercial and personal banking services. The company's main business activities include deposit-taking, commercial and industrial lending, mortgage originations and trust and wealth management services. Park National aims to serve the financial needs of businesses, professionals, families and nonprofit organizations across its regional footprint.
Through its subsidiary banks, Park National offers traditional deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside loan products including commercial real estate loans, agricultural lending, equipment financing and consumer installment loans.
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