Park National Co. (NYSE:PRK – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $137.52 and last traded at $137.49, with a volume of 50557 shares changing hands. The stock had previously closed at $135.31.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. StockNews.com raised shares of Park National from a “sell” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $130.00 target price (up from $125.00) on shares of Park National in a research report on Wednesday. Finally, Piper Sandler started coverage on shares of Park National in a research report on Friday, February 23rd. They issued a “neutral” rating and a $130.00 target price for the company.
Check Out Our Latest Research Report on PRK
Park National Stock Down 0.1 %
Park National (NYSE:PRK – Get Free Report) last issued its earnings results on Friday, April 19th. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.85 by $0.30. The company had revenue of $121.82 million during the quarter, compared to analysts’ expectations of $118.29 million. Park National had a net margin of 22.03% and a return on equity of 12.28%. On average, sell-side analysts forecast that Park National Co. will post 7.92 EPS for the current fiscal year.
Park National Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, May 16th. Park National’s dividend payout ratio is 53.67%.
Hedge Funds Weigh In On Park National
Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Park National by 621.0% during the 3rd quarter. Victory Capital Management Inc. now owns 38,517 shares of the company’s stock worth $3,641,000 after acquiring an additional 33,175 shares during the last quarter. Vanguard Group Inc. grew its holdings in Park National by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,701,106 shares of the company’s stock worth $226,009,000 after acquiring an additional 12,925 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Park National during the 3rd quarter worth approximately $1,087,000. Dimensional Fund Advisors LP grew its holdings in Park National by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 457,745 shares of the company’s stock worth $60,818,000 after acquiring an additional 10,266 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Park National by 6,882.5% during the 4th quarter. International Assets Investment Management LLC now owns 9,566 shares of the company’s stock worth $1,271,000 after acquiring an additional 9,429 shares during the last quarter. 62.65% of the stock is currently owned by institutional investors and hedge funds.
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 small and medium population areas. The company 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.
Read More
- Five stocks we like better than Park National
- What is the Hang Seng index?
- 3 Stocks Leading the U.S. Agriculture Comeback
- What is a Bond Market Holiday? How to Invest and Trade
- How to Use Put Debit Spreads to Profit From Falling Stocks
- What Does a Stock Split Mean?
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Park National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park National and related companies with MarketBeat.com's FREE daily email newsletter.