Geode Capital Management LLC lifted its position in shares of Park National Co. (NYSEAMERICAN:PRK) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 114,250 shares of the financial services provider’s stock after acquiring an additional 839 shares during the quarter. Geode Capital Management LLC’s holdings in Park National were worth $11,881,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently modified their holdings of PRK. First Trust Advisors LP boosted its holdings in Park National by 8.9% during the fourth quarter. First Trust Advisors LP now owns 224,653 shares of the financial services provider’s stock worth $23,364,000 after buying an additional 18,319 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Park National by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 302,117 shares of the financial services provider’s stock worth $32,626,000 after buying an additional 13,117 shares in the last quarter. BlackRock Inc. boosted its holdings in Park National by 1.1% during the fourth quarter. BlackRock Inc. now owns 872,069 shares of the financial services provider’s stock worth $90,696,000 after buying an additional 9,693 shares in the last quarter. Stifel Financial Corp boosted its holdings in Park National by 140.6% during the third quarter. Stifel Financial Corp now owns 16,147 shares of the financial services provider’s stock worth $1,742,000 after buying an additional 9,436 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in Park National by 123.8% during the third quarter. Nationwide Fund Advisors now owns 16,817 shares of the financial services provider’s stock worth $1,816,000 after buying an additional 9,304 shares in the last quarter.
In other Park National news, Director Robert E. Oneill sold 368 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $103.13, for a total value of $37,951.84. Following the sale, the director now owns 7,330 shares of the company’s stock, valued at $755,942.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Separately, Zacks Investment Research raised shares of Park National from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Saturday, March 17th.
Shares of NYSEAMERICAN PRK opened at $103.15 on Friday. Park National Co. has a 12-month low of $92.42 and a 12-month high of $116.75.
Park National (NYSEAMERICAN:PRK) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.03). Park National had a net margin of 28.22% and a return on equity of 12.74%. The business had revenue of $85.27 million during the quarter, compared to analysts’ expectations of $84.71 million.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, February 15th.
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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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