Park National Co. (PRK) Position Boosted by Creative Planning

Creative Planning lifted its position in shares of Park National Co. (NYSEAMERICAN:PRK) by 11.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,151 shares of the financial services provider’s stock after buying an additional 612 shares during the period. Creative Planning’s holdings in Park National were worth $649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its stake in shares of Park National by 91.1% during the second quarter. GSA Capital Partners LLP now owns 6,311 shares of the financial services provider’s stock valued at $703,000 after buying an additional 3,008 shares during the period. BlueMountain Capital Management LLC lifted its stake in shares of Park National by 165.4% during the second quarter. BlueMountain Capital Management LLC now owns 5,607 shares of the financial services provider’s stock valued at $625,000 after buying an additional 3,494 shares during the period. Truvestments Capital LLC purchased a new position in shares of Park National during the third quarter valued at approximately $109,000. Bessemer Group Inc. lifted its stake in shares of Park National by 0.9% during the second quarter. Bessemer Group Inc. now owns 63,588 shares of the financial services provider’s stock valued at $7,085,000 after buying an additional 560 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Park National by 31.7% during the second quarter. Renaissance Technologies LLC now owns 91,005 shares of the financial services provider’s stock valued at $10,140,000 after buying an additional 21,905 shares during the period.

NYSEAMERICAN:PRK opened at $92.04 on Tuesday. Park National Co. has a fifty-two week low of $84.60 and a fifty-two week high of $119.00.

Park National (NYSEAMERICAN:PRK) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.14). The business had revenue of $91.74 million for the quarter, compared to the consensus estimate of $90.46 million.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, November 15th.

A number of research firms have weighed in on PRK. Zacks Investment Research raised shares of Park National from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Saturday, July 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Park National in a research note on Wednesday, October 24th.

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About Park National

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

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