Park National (NYSE:PRK) Sets New 1-Year High at $183.31

Park National Co. (NYSE:PRK) hit a new 52-week high on Tuesday . The company traded as high as $183.31 and last traded at $183.31, with a volume of 12998 shares traded. The stock had previously closed at $170.16.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com lowered Park National from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $130.00 target price (up previously from $125.00) on shares of Park National in a research note on Wednesday, April 24th.

Park National Stock Up 9.1 %

The company’s 50 day moving average price is $142.31 and its two-hundred day moving average price is $134.85. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.00 billion, a P/E ratio of 22.83 and a beta of 0.71.

Park National (NYSE:PRK) last issued its quarterly earnings results on Friday, April 19th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.30. The business had revenue of $121.82 million for 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 12.13%. Equities analysts forecast that Park National Co. will post 8.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PRK. Victory Capital Management Inc. increased its holdings in Park National by 44.8% in the 4th quarter. Victory Capital Management Inc. now owns 55,788 shares of the company’s stock worth $7,412,000 after acquiring an additional 17,271 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Park National by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,701,106 shares of the company’s stock worth $226,009,000 after purchasing an additional 12,925 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Park National by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 457,745 shares of the company’s stock worth $60,818,000 after purchasing an additional 10,266 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of 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 valued at $1,271,000 after purchasing an additional 9,429 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in Park National in the 4th quarter worth $957,000. Institutional investors own 62.65% of the company’s stock.

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.