Stephens Consulting LLC Acquires 1,138 Shares of Park National Co. $PRK

Stephens Consulting LLC raised its holdings in Park National Co. (NYSE:PRK) by 22,760.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,143 shares of the company’s stock after purchasing an additional 1,138 shares during the period. Stephens Consulting LLC’s holdings in Park National were worth $191,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PRK. Jane Street Group LLC boosted its holdings in Park National by 3,571.9% in the 1st quarter. Jane Street Group LLC now owns 50,342 shares of the company’s stock valued at $7,622,000 after purchasing an additional 48,971 shares during the period. Nuveen LLC bought a new stake in Park National in the 1st quarter valued at about $5,972,000. Cubist Systematic Strategies LLC bought a new stake in Park National in the 1st quarter valued at about $2,133,000. Public Sector Pension Investment Board boosted its holdings in Park National by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 46,104 shares of the company’s stock valued at $6,980,000 after purchasing an additional 9,900 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in Park National by 149.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 15,986 shares of the company’s stock valued at $2,420,000 after purchasing an additional 9,566 shares during the period. Institutional investors own 62.65% of the company’s stock.

Park National Stock Performance

Shares of Park National stock opened at $154.46 on Monday. The company has a 50 day moving average of $166.50 and a 200-day moving average of $162.64. Park National Co. has a 1-year low of $137.97 and a 1-year high of $207.99. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.48 billion, a PE ratio of 16.59 and a beta of 0.72.

Park National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. Park National’s dividend payout ratio is 41.59%.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial initiated coverage on shares of Park National in a report on Monday, July 21st. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.75.

Park National 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.