Park National (NYSEAMERICAN:PRK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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, Sandler O’Neill set a $99.00 price target on shares of Park National and gave the company a “hold” rating in a research report on Tuesday, September 24th.

PRK traded up $0.09 during trading on Wednesday, hitting $96.12. 200 shares of the stock traded hands, compared to its average volume of 38,998. Park National has a 12-month low of $79.27 and a 12-month high of $103.69.

Park National (NYSEAMERICAN:PRK) last announced its quarterly earnings results on Monday, July 22nd. The financial services provider reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.08). The business had revenue of $98.66 million for the quarter, compared to analyst estimates of $100.63 million.

Large investors have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in shares of Park National by 8.9% in the 1st quarter. First Trust Advisors LP now owns 337,254 shares of the financial services provider’s stock worth $31,955,000 after acquiring an additional 27,612 shares in the last quarter. Park National Corp OH increased its stake in shares of Park National by 1.4% in the 2nd quarter. Park National Corp OH now owns 1,695,814 shares of the financial services provider’s stock worth $168,547,000 after acquiring an additional 23,816 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Park National by 202.8% in the 2nd quarter. Denali Advisors LLC now owns 8,600 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 5,760 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Park National in the 2nd quarter worth about $286,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Park National by 96.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,753 shares of the financial services provider’s stock worth $869,000 after acquiring an additional 4,304 shares in the last quarter.

Park National Company 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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