Park National Co. (NYSEAMERICAN:PRK) Shares Bought by US Bancorp DE
US Bancorp DE grew its holdings in shares of Park National Co. (NYSEAMERICAN:PRK) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,984 shares of the financial services provider’s stock after acquiring an additional 204 shares during the quarter. US Bancorp DE’s holdings in Park National were worth $567,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Park National by 93.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 741 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 358 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Park National by 57.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,903 shares of the financial services provider’s stock valued at $154,000 after buying an additional 693 shares during the period. Bank of Montreal Can increased its stake in shares of Park National by 74.0% in the fourth quarter. Bank of Montreal Can now owns 1,959 shares of the financial services provider’s stock valued at $167,000 after buying an additional 833 shares during the period. Fruth Investment Management acquired a new position in shares of Park National in the first quarter valued at approximately $203,000. Finally, Legal & General Group Plc increased its stake in shares of Park National by 9.9% in the fourth quarter. Legal & General Group Plc now owns 2,493 shares of the financial services provider’s stock valued at $211,000 after buying an additional 225 shares during the period.
Several research firms have recently issued reports on PRK. Zacks Investment Research downgraded Park National from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Boenning Scattergood reaffirmed a “hold” rating on shares of Park National in a research note on Monday, April 22nd.
The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 4.06%. The ex-dividend date was Thursday, May 16th.
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Park National Profile
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It 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 for individual customers.
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