WINTON GROUP Ltd purchased a new stake in Park National Co. (NYSEAMERICAN:PRK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,880 shares of the financial services provider’s stock, valued at approximately $286,000.
Several other institutional investors have also bought and sold shares of PRK. Laurel Wealth Advisors LLC purchased a new stake in Park National during the first quarter worth $163,000. Rhumbline Advisers raised its holdings in shares of Park National by 0.5% in the first quarter. Rhumbline Advisers now owns 21,044 shares of the financial services provider’s stock worth $1,994,000 after acquiring an additional 108 shares during the last quarter. Park National Corp OH raised its holdings in shares of Park National by 1.4% in the second quarter. Park National Corp OH now owns 1,695,814 shares of the financial services provider’s stock worth $168,547,000 after acquiring an additional 23,816 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Park National by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 105,630 shares of the financial services provider’s stock worth $8,974,000 after acquiring an additional 2,306 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Park National by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 368,746 shares of the financial services provider’s stock worth $31,325,000 after acquiring an additional 10,583 shares during the last quarter.
A number of research firms have recently weighed in on PRK. Zacks Investment Research cut Park National from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Janney Montgomery Scott began coverage on Park National in a report on Monday, June 17th. They issued a “neutral” rating and a $106.00 price target for the company. Finally, Boenning Scattergood reissued a “hold” rating on shares of Park National in a report on Monday, April 22nd.
Park National (NYSEAMERICAN:PRK) last released its earnings results on Monday, July 22nd. The financial services provider reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.08). The company had revenue of $98.66 million during the quarter, compared to analysts’ expectations of $100.63 million.
Park National Company Profile
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It 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 for individual customers.
See Also: How Do Mutual Funds Work?
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.