Park National Co. (NYSE:PRK) Position Lessened by Park National Corp OH

Park National Corp OH lessened its holdings in Park National Co. (NYSE:PRK) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,108,318 shares of the company’s stock after selling 51,780 shares during the quarter. Park National accounts for approximately 7.0% of Park National Corp OH’s holdings, making the stock its largest holding. Park National Corp OH owned 6.86% of Park National worth $189,999,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PRK. Franklin Resources Inc. purchased a new stake in Park National in the third quarter valued at approximately $591,000. Sanctuary Advisors LLC lifted its position in Park National by 11.3% during the third quarter. Sanctuary Advisors LLC now owns 2,366 shares of the company’s stock valued at $397,000 after purchasing an additional 241 shares during the period. Virtu Financial LLC acquired a new stake in Park National during the 3rd quarter worth about $311,000. Geode Capital Management LLC raised its stake in shares of Park National by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 334,188 shares of the company’s stock valued at $56,148,000 after buying an additional 3,165 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Park National by 161.7% in the 3rd quarter. Barclays PLC now owns 28,528 shares of the company’s stock valued at $4,792,000 after buying an additional 17,627 shares during the period. Hedge funds and other institutional investors own 62.65% of the company’s stock.

Park National Stock Down 1.0 %

Shares of PRK stock opened at $170.68 on Wednesday. The stock has a market cap of $2.76 billion, a P/E ratio of 20.20 and a beta of 0.74. Park National Co. has a twelve month low of $123.08 and a twelve month high of $207.99. The stock has a 50 day moving average of $184.58 and a 200 day moving average of $171.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Park National Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.17%. Park National’s dividend payout ratio is presently 50.18%.

Park National 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.