Zacks Investment Research upgraded shares of Park National Co. (NYSE:PRK) from a sell rating to a hold rating in a research note released on Thursday.

According to Zacks, “Park National Corporation is the bank holding company for The Park National Bank, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co. and The Citizens National Bank of Urbana. “

Shares of Park National (NYSE:PRK) opened at 94.64 on Thursday. The stock’s 50 day moving average is $93.53 and its 200 day moving average is $91.62. The firm has a market cap of $1.45 billion and a PE ratio of 18.31. Park National has a 12 month low of $79.01 and a 12 month high of $104.58.

Park National (NYSE:PRK) last released its quarterly earnings results on Monday, July 25th. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by $0.08. Analysts forecast that Park National will post $5.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $3.76 dividend on an annualized basis and a yield of 3.97%.

A number of large investors have recently made changes to their positions in PRK. Metropolitan Life Insurance Co. NY increased its stake in shares of Park National by 0.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,773 shares of the company’s stock worth $897,000 after buying an additional 76 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Park National by 13.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,235 shares of the company’s stock worth $5,070,000 after buying an additional 6,702 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Park National by 23.8% in the second quarter. Stifel Financial Corp now owns 76,090 shares of the company’s stock worth $6,983,000 after buying an additional 14,641 shares during the last quarter.

Park National Company Profile

Park National Corporation (Park) is a financial holding company. The Company’s banking operations are conducted through The Park National Bank. The Company’s segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH). The Park National Bank is engaged in the commercial banking and trust business, generally in small and medium population Ohio communities.

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