Swiss National Bank lifted its holdings in shares of Park National Co. (NYSEMKT:PRK) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,900 shares of the financial services provider’s stock after buying an additional 1,400 shares during the period. Swiss National Bank owned approximately 0.15% of Park National worth $2,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PRK. UBS Asset Management Americas Inc. increased its holdings in shares of Park National by 5.8% during the first quarter. UBS Asset Management Americas Inc. now owns 4,802 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 265 shares during the period. Karp Capital Management Corp bought a new stake in shares of Park National during the first quarter valued at about $379,000. Ameritas Investment Partners Inc. bought a new stake in shares of Park National during the first quarter valued at about $121,000. Victory Capital Management Inc. raised its stake in shares of Park National by 20.8% during the first quarter. Victory Capital Management Inc. now owns 5,765 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 992 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Park National by 7.0% during the first quarter. American International Group Inc. now owns 8,181 shares of the financial services provider’s stock valued at $861,000 after purchasing an additional 532 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/03/park-national-co-prk-stake-raised-by-swiss-national-bank.html.

A number of research analysts recently commented on the stock. BidaskClub upgraded shares of Park National from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut Park National from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

In other news, Director Robert E. Oneill purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $97.05 per share, with a total value of $194,100.00. Following the completion of the purchase, the director now directly owns 3,280 shares of the company’s stock, valued at approximately $318,324. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Park National Co. (PRK) opened at 109.12 on Tuesday. The firm has a market capitalization of $1.67 billion, a PE ratio of 19.38 and a beta of 0.85. Park National Co. has a 12 month low of $92.42 and a 12 month high of $122.88. The stock’s 50 day moving average price is $99.46 and its 200 day moving average price is $102.59.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, August 16th. Park National’s dividend payout ratio is 72.73%.

Park National Profile

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).

Institutional Ownership by Quarter for Park National (NYSEMKT:PRK)

Receive News & Stock Ratings for Park National Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park National Co. and related stocks with our FREE daily email newsletter.