Park National (NYSE:PRK) Coverage Initiated at Raymond James Financial

Analysts at Raymond James Financial initiated coverage on shares of Park National (NYSE:PRK - Get Free Report) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set a "market perform" rating on the stock.

Several other equities analysts have also commented on PRK. Keefe, Bruyette & Woods boosted their price target on Park National from $167.00 to $170.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 30th. Wall Street Zen lowered Park National from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

Park National Stock Performance

Park National stock opened at $170.72 on Monday. The stock's 50 day moving average price is $166.77 and its 200 day moving average price is $161.91. The firm has a market capitalization of $2.76 billion, a PE ratio of 18.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.94. Park National has a one year low of $137.97 and a one year high of $207.99.

Hedge Funds Weigh In On Park National

A number of institutional investors have recently made changes to their positions in PRK. First Trust Advisors LP raised its position in shares of Park National by 77.5% during the 4th quarter. First Trust Advisors LP now owns 160,715 shares of the company's stock valued at $27,551,000 after acquiring an additional 70,170 shares in the last quarter. GAMMA Investing LLC grew its stake in Park National by 45,219.3% during the 1st quarter. GAMMA Investing LLC now owns 67,979 shares of the company's stock worth $10,292,000 after buying an additional 67,829 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Park National by 427.9% during the 4th quarter. JPMorgan Chase & Co. now owns 64,482 shares of the company's stock worth $11,054,000 after buying an additional 52,268 shares during the last quarter. Jane Street Group LLC grew its stake in Park National by 3,571.9% during the 1st quarter. Jane Street Group LLC now owns 50,342 shares of the company's stock worth $7,622,000 after buying an additional 48,971 shares during the last quarter. Finally, Nuveen LLC bought a new position in Park National during the 1st quarter worth $5,972,000. 62.65% of the stock is owned by institutional investors and hedge funds.

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.

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