PNC Financial Services Group Inc. lifted its stake in Park National Co. (NYSE:PRK – Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,082 shares of the company’s stock after acquiring an additional 116 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of Park National worth $1,358,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in Park National in the 2nd quarter worth $85,000. MFA Wealth Advisors LLC bought a new stake in shares of Park National in the second quarter valued at about $121,000. Contravisory Investment Management Inc. acquired a new stake in Park National during the third quarter worth about $227,000. PDS Planning Inc bought a new position in Park National during the third quarter valued at about $228,000. Finally, CWA Asset Management Group LLC acquired a new position in Park National in the 3rd quarter valued at approximately $263,000. Institutional investors own 62.65% of the company’s stock.
Park National Price Performance
Shares of Park National stock opened at $192.47 on Thursday. The firm has a market cap of $3.11 billion, a P/E ratio of 22.78 and a beta of 0.70. The firm’s 50-day simple moving average is $177.89 and its 200-day simple moving average is $162.63. Park National Co. has a twelve month low of $109.65 and a twelve month high of $207.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95.
Park National Cuts Dividend
Analyst Ratings Changes
Separately, StockNews.com lowered Park National from a “hold” rating to a “sell” rating in a report on Friday, August 23rd.
Check Out Our Latest Research Report on PRK
About Park National
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.
Recommended Stories
- Five stocks we like better than Park National
- Are Penny Stocks a Good Fit for Your Portfolio?
- Microsoft Stock Gets a $550 Price Target: Time to Get Excited
- When to Sell a Stock for Profit or Loss
- Trump Tariffs in Focus: 2 Chinese Stocks to Own and 2 to Avoid
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- 2 Generic Drug Stocks Ready to Surge in 2025
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.