Credit Suisse AG lowered its stake in shares of Park National Co. (NYSEMKT:PRK) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,972 shares of the financial services provider’s stock after selling 837 shares during the period. Credit Suisse AG’s holdings in Park National were worth $1,469,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PRK. Two Sigma Securities LLC increased its position in Park National by 27.2% in the first quarter. Two Sigma Securities LLC now owns 2,178 shares of the financial services provider’s stock valued at $229,000 after buying an additional 466 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Park National by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 75,323 shares of the financial services provider’s stock valued at $7,924,000 after buying an additional 7,041 shares during the last quarter. BlackRock Inc. increased its position in Park National by 23,680.4% in the first quarter. BlackRock Inc. now owns 859,900 shares of the financial services provider’s stock valued at $90,461,000 after buying an additional 856,284 shares during the last quarter. Renaissance Technologies LLC increased its position in Park National by 30.4% in the first quarter. Renaissance Technologies LLC now owns 100,705 shares of the financial services provider’s stock valued at $10,594,000 after buying an additional 23,479 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in Park National by 491.3% in the first quarter. Citadel Advisors LLC now owns 24,236 shares of the financial services provider’s stock valued at $2,550,000 after buying an additional 20,137 shares during the last quarter.

Park National Co. (NYSEMKT:PRK) traded down 0.32% during trading on Tuesday, reaching $99.75. 2,238 shares of the company’s stock traded hands. The stock has a market cap of $1.53 billion, a P/E ratio of 17.72 and a beta of 0.85. The firm’s 50 day moving average price is $101.37 and its 200-day moving average price is $104.66. Park National Co. has a one year low of $90.10 and a one year high of $122.88.

Park National (NYSEMKT:PRK) last issued its earnings results on Monday, July 24th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.41 by $0.17. The company had revenue of $79.03 million for the quarter, compared to analysts’ expectations of $81.39 million. Park National had a return on equity of 10.94% and a net margin of 26.51%. On average, equities analysts anticipate that Park National Co. will post $5.50 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.76 annualized dividend and a dividend yield of 3.76%. Park National’s payout ratio is currently 72.73%.

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Several research firms have issued reports on PRK. Zacks Investment Research raised shares of Park National from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub downgraded shares of Park National from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.

In related news, Director Leon Zazworsky bought 2,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $98.92 per share, for a total transaction of $197,840.00. Following the transaction, the director now owns 5,197 shares of the company’s stock, valued at $514,087.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Park National Company 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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Institutional Ownership by Quarter for Park National (NYSEMKT:PRK)

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