FCG Advisors LLC Purchases 3 Shares of Park National Co. (PRK)

FCG Advisors LLC increased its stake in Park National Co. (NYSEMKT:PRK) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,671 shares of the financial services provider’s stock after buying an additional 3 shares during the period. FCG Advisors LLC’s holdings in Park National were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Park National by 23,680.4% during the 1st quarter. BlackRock Inc. now owns 859,900 shares of the financial services provider’s stock valued at $90,461,000 after purchasing an additional 856,284 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Park National by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 1,102,857 shares of the financial services provider’s stock valued at $116,020,000 after buying an additional 61,073 shares during the period. First Trust Advisors LP lifted its holdings in shares of Park National by 45.8% during the 1st quarter. First Trust Advisors LP now owns 189,333 shares of the financial services provider’s stock valued at $19,918,000 after buying an additional 59,449 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Park National by 30.4% during the 1st 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 period. Finally, Citadel Advisors LLC lifted its holdings in shares of Park National by 491.3% during the 1st 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 period.

Park National Co. (PRK) opened at 103.44 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 18.37 and a beta of 0.85. The company has a 50-day moving average price of $97.50 and a 200 day moving average price of $102.72. Park National Co. has a 52-week low of $92.42 and a 52-week high of $122.88.

Park National (NYSEMKT:PRK) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.17). The firm had revenue of $79.03 million during the quarter, compared to analyst estimates of $81.39 million. Park National had a net margin of 24.08% and a return on equity of 10.20%. On average, analysts expect that Park National Co. will post $5.50 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a $0.94 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $3.76 dividend on an annualized basis and a yield of 3.63%. Park National’s payout ratio is 72.73%.

A number of equities analysts recently commented on PRK shares. BidaskClub raised Park National from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Zacks Investment Research raised Park National from a “sell” rating to a “hold” rating in a report on Friday, August 11th.

In related news, Director Robert E. Oneill bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $97.05 per share, for a total transaction of $194,100.00. Following the completion of the acquisition, the director now owns 3,280 shares in the company, valued at $318,324. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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Park National 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).

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

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