2 weeks Ago By ABMN Staff
Amalgamated Bank cut its stake in shares of Park National Co. ( NYSE:PRK – Free Report ) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 4,395 shares of the company’s stock after selling 88 shares during the period. Amalgamated Bank’s holdings in Park National were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also modified their holdings of the company.
CWA Asset Management Group LLC bought a new stake in Park National in the fourth quarter worth $208,000. Rafferty Asset Management LLC lifted its holdings in shares of Park National by 68.9% in the 4th quarter.
Rafferty Asset Management LLC now owns 10,892 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,443 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Park National by 0.
8% during the 4th 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.
Investment Partners LTD. bought a new position in Park National during the 1st quarter valued at about $378,000. Finally, Private Advisor Group LLC raised its position in Park National by 22.
7% in the 1st quarter. Private Advisor Group LLC now owns 2,510 shares of the company’s stock worth $341,000 after purchasing an additional 464 shares during the period. 62.
65% of the stock is owned by institutional investors. Insider Transactions at Park National In other news, Director Mark R. Ramser sold 546 shares of the business’s stock in a transaction dated Monday, July 29th.
The stock was sold at an average price of $180.66, for a total value of $98,640.36.
Following the completion of the transaction, the director now owns 379 shares of the company’s stock, valued at approximately $68,470.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
In related news, Director Mark R. Ramser sold 454 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $187.
06, for a total value of $84,925.24. Following the completion of the sale, the director now owns 925 shares of the company’s stock, valued at approximately $173,030.
50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, Director Mark R.
Ramser sold 546 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $180.66, for a total transaction of $98,640.
36. Following the transaction, the director now directly owns 379 shares in the company, valued at $68,470.14.
The disclosure for this sale can be found here . Company insiders own 2.70% of the company’s stock.
Analyst Upgrades and Downgrades Read Our Latest Stock Analysis on PRK Park National Stock Performance PRK stock opened at $165.70 on Friday. Park National Co.
has a one year low of $91.78 and a one year high of $190.84.
The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 20.97 and a beta of 0.
71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.
94 and a current ratio of 0.94. The firm has a 50-day simple moving average of $169.
41 and a two-hundred day simple moving average of $148.23. Park National ( NYSE:PRK – Get Free Report ) last issued its quarterly earnings results on Monday, July 22nd.
The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.
39. The business had revenue of $126.63 million for the quarter, compared to analyst estimates of $120.
52 million. Park National had a net margin of 22.67% and a return on equity of 12.
49%. Park National Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $1.
06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 2.
56%. The ex-dividend date was Friday, August 16th. Park National’s dividend payout ratio (DPR) is currently 53.
67%. Park National Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding PRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park National Co. ( NYSE:PRK – Free Report ).
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