Park National Co. (NYSEMKT:PRK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Park National Corporation is the bank holding company for The Park National Bank, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co. and The Citizens National Bank of Urbana. “

Separately, BidaskClub lowered shares of Park National from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd.

Shares of Park National (PRK) opened at 96.23 on Thursday. Park National has a 1-year low of $92.42 and a 1-year high of $122.88. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.09 and a beta of 0.85. The company has a 50-day moving average price of $97.36 and a 200-day moving average price of $103.19.

Park National (NYSEMKT:PRK) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by $0.17. Park National had a return on equity of 10.20% and a net margin of 24.08%. The firm had revenue of $79.03 million during the quarter, compared to analyst estimates of $81.39 million. On average, equities analysts expect that Park National will post $5.50 earnings per share for the current fiscal year.

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In other Park National news, Director Leon Zazworsky acquired 2,000 shares of Park National stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $98.92 per share, with a total value of $197,840.00. Following the purchase, the director now owns 5,197 shares in the company, valued at $514,087.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several hedge funds have recently added to or reduced their stakes in PRK. Ameritas Investment Partners Inc. acquired a new stake in shares of Park National in the 1st quarter valued at $121,000. Bank of Montreal Can lifted its stake in shares of Park National by 33.1% in the 2nd quarter. Bank of Montreal Can now owns 1,374 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 342 shares during the last quarter. Two Sigma Securities LLC lifted its stake in shares of Park National by 27.2% in the 1st quarter. Two Sigma Securities LLC now owns 2,178 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 466 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Park National by 252.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,332 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Park National in the 1st quarter valued at $247,000.

About Park National

Park National Corporation (Park) is a financial holding company. Park’s principal business consists of owning and supervising its subsidiaries. Park’s banking operations are conducted through The Park National Bank (Park National Bank). Its segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH).

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