SG Americas Securities LLC acquired a new position in Park National Co. (NYSEAMERICAN:PRK – Get Rating) stock during the first quarter, the company said in its most recent 13F filing with the Securities & Exchange Commission. The company bought 2,415 shares of the financial services provider, valued at approximately $317,000.
A number of other hedge funds and other institutional investors have recently added to or reduced their holdings in PRK. Allspring Global Investments Holdings LLC acquired a new interest in shares of Park National valued at approximately $821,000 during the fourth quarter. Yousif Capital Management LLC acquired a new interest in shares of Park National valued at approximately $1,812,000 during the fourth quarter. Qube Research & Technologies Ltd acquired a new interest in Park National stock valued at approximately $272,000 during the fourth quarter. Fort Washington Investment Advisors Inc. OH increased its position in Park National stock by 188.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 11,147 shares of the financial services provider valued at $1,531,000 after purchasing an additional 7,287 shares during the period. Finally, American Century Companies Inc. increased its position in Park National stock by 250.4% during the fourth quarter. American Century Companies Inc. now owns 18,509 shares of the financial services provider’s stock valued at $2,541,000 after purchasing an additional 13,227 shares during the period. Institutional investors own 61.05% of the company’s shares.
Park National shares are up 0.6%
NYSEAMERICAN PRK opened at $130.84 on Monday. The stock has a market cap of $2.13 billion, a P/E of 13.95, and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt to equity ratio of 0.17. Park National Co. has a yearly low of $111.22 and a yearly high of $145.33.
Park National (NYSEAMERICAN:PRK – Get Rating) last released its quarterly earnings results on Monday, July 25th. The financial services firm reported $2.10 EPS for the quarter, beating analysts’ consensus estimate of $2.04 by $0.06. Park National had a return on equity of 14.11% and a net margin of 32.35%. On average, equity analysts are forecasting that Park National Co. will post 7.86 EPS for the year to date.
Park National Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19 will receive a dividend of $1.04. That equates to a $4.16 annualized dividend and a 3.18% yield. The ex-dividend date is Thursday 18th August. Park National’s payout ratio is currently 44.35%.
About Park National
Park National Corporation acts as the banking holding company for Park National Bank, which provides commercial banking and trust services to small and medium-sized populations. The company offers deposits for sight, savings and time accounts; trust and asset management; cash management; locker shops; electronic funds transfer; Internet and mobile banking solutions with Bill Pay Service; credit cards; as well as various additional bank-related services for private customers.
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