SG Americas Securities LLC purchased a new position in Park National Co. (NYSEMKT:PRK) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,050 shares of the financial services provider’s stock, valued at approximately $524,000.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Park National by 5.9% during the first quarter. Vanguard Group Inc. now owns 1,102,857 shares of the financial services provider’s stock valued at $116,020,000 after purchasing an additional 61,073 shares during the last quarter. BlackRock Inc. lifted its stake in Park National by 23,680.4% during the first quarter. BlackRock Inc. now owns 859,900 shares of the financial services provider’s stock valued at $90,461,000 after purchasing an additional 856,284 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Park National by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 286,128 shares of the financial services provider’s stock valued at $30,101,000 after purchasing an additional 6,417 shares during the last quarter. First Trust Advisors LP lifted its stake in Park National by 9.8% during the second quarter. First Trust Advisors LP now owns 207,942 shares of the financial services provider’s stock valued at $21,568,000 after purchasing an additional 18,609 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Park National by 10.8% during the first quarter. Geode Capital Management LLC now owns 108,149 shares of the financial services provider’s stock valued at $11,377,000 after purchasing an additional 10,573 shares during the last quarter.
Shares of Park National Co. (NYSEMKT PRK) opened at 96.23 on Monday. The company’s 50-day moving average is $97.36 and its 200 day moving average is $103.19. Park National Co. has a 1-year low of $92.42 and a 1-year high of $122.88. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 17.09 and a beta of 0.85.
Park National (NYSEMKT:PRK) last issued its earnings results on Monday, July 24th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.17. The business had revenue of $79.03 million during the quarter, compared to the consensus estimate of $81.39 million. Park National had a net margin of 24.08% and a return on equity of 10.20%. On average, analysts expect that Park National Co. will post $5.50 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Wednesday, August 16th. Park National’s dividend payout ratio (DPR) is presently 72.73%.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Park National from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub lowered shares of Park National from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
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In other Park National news, Director Robert E. Oneill bought 2,000 shares of Park National stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $97.05 per share, with a total value of $194,100.00. Following the purchase, the director now owns 3,280 shares of the company’s stock, valued at $318,324. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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).
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