Park National Co. (NYSE:PRK - Get Free Report) saw strong trading volume on Wednesday . 106,161 shares were traded during trading, an increase of 79% from the previous session's volume of 59,413 shares.The stock last traded at $175.54 and had previously closed at $176.07.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Park National from $167.00 to $170.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Wall Street Zen lowered Park National from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.
Read Our Latest Report on Park National
Park National Stock Performance
The stock has a market capitalization of $2.83 billion, a PE ratio of 18.76 and a beta of 0.82. The firm's fifty day moving average is $164.86 and its 200-day moving average is $162.12. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.
Park National Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $1.07 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.28 annualized dividend and a yield of 2.45%. Park National's dividend payout ratio (DPR) is currently 43.94%.
Hedge Funds Weigh In On Park National
Several institutional investors have recently bought and sold shares of PRK. Livelsberger Financial Advisory acquired a new position in Park National in the 2nd quarter valued at about $27,000. Smartleaf Asset Management LLC grew its position in shares of Park National by 162.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 181 shares of the company's stock worth $31,000 after buying an additional 112 shares in the last quarter. GAMMA Investing LLC grew 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 worth $68,000 after buying an additional 299 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Park National by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 454 shares of the company's stock worth $78,000 after buying an additional 404 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Park National during the first quarter worth about $93,000. 62.65% of the stock is owned by institutional investors and hedge funds.
Park National Company Profile
(
Get Free Report)
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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