Jacobs Levy Equity Management Inc. raised its position in shares of Park National Co. (NYSEAMERICAN:PRK) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,532 shares of the financial services provider’s stock after purchasing an additional 2,360 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.09% of Park National worth $1,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRK. FMR LLC boosted its stake in Park National by 54.6% during the 4th quarter. FMR LLC now owns 456 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 161 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Park National by 79.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 575 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 255 shares in the last quarter. Pacitti Group Inc. bought a new stake in shares of Park National during the 4th quarter worth $79,000. Great West Life Assurance Co. Can bought a new stake in shares of Park National during the 4th quarter worth $126,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Park National during the 3rd quarter worth $163,000.

Separately, Zacks Investment Research raised Park National from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th.

PRK opened at $74.12 on Thursday. Park National Co. has a fifty-two week low of $71.79 and a fifty-two week high of $105.52.

Park National (NYSEAMERICAN:PRK) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.32). The firm had revenue of $101.23 million during the quarter, compared to analyst estimates of $101.01 million.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Friday, February 21st were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, February 20th. This is a positive change from Park National’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 5.50%.

In other Park National news, Director Robert E. Oneill bought 5,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was acquired at an average price of $78.98 per share, with a total value of $394,900.00. Following the completion of the transaction, the director now directly owns 8,230 shares in the company, valued at approximately $650,005.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Park National 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.

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

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