Aperio Group LLC Has $698,000 Holdings in Park National Co. (PRK)

Aperio Group LLC raised its holdings in shares of Park National Co. (NYSEAMERICAN:PRK) by 36.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,730 shares of the financial services provider’s stock after buying an additional 1,788 shares during the period. Aperio Group LLC’s holdings in Park National were worth $698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Park National by 6.4% during the fourth quarter. Victory Capital Management Inc. now owns 9,052 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 548 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Park National by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 114,250 shares of the financial services provider’s stock valued at $11,881,000 after acquiring an additional 839 shares during the last quarter. Swiss National Bank raised its stake in shares of Park National by 4.4% during the first quarter. Swiss National Bank now owns 23,900 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 1,000 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Park National by 2.8% during the fourth quarter. California Public Employees Retirement System now owns 45,457 shares of the financial services provider’s stock valued at $4,728,000 after acquiring an additional 1,242 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Park National by 117.0% during the fourth quarter. SG Americas Securities LLC now owns 4,141 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 2,233 shares during the last quarter.

Shares of NYSEAMERICAN PRK opened at $117.81 on Monday. Park National Co. has a fifty-two week low of $92.42 and a fifty-two week high of $119.00.

Park National (NYSEAMERICAN:PRK) last announced its earnings results on Friday, April 20th. The financial services provider reported $2.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.37. Park National had a net margin of 28.22% and a return on equity of 12.74%. The business had revenue of $91.75 million during the quarter, compared to the consensus estimate of $79.93 million.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were paid a dividend of $0.96 per share. This is an increase from Park National’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, May 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.26%.

PRK has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Park National from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Boenning Scattergood reissued a “hold” rating on shares of Park National in a research note on Wednesday, May 2nd.

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.

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

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