Keefe, Bruyette & Woods Increases Park National (NYSE:PRK) Price Target to $205.00

Park National (NYSE:PRK) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $180.00 to $205.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 1.51% from the stock’s current price.

Several other research analysts have also weighed in on PRK. Zacks Research lowered Park National from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. Raymond James Financial began coverage on shares of Park National in a research note on Tuesday, July 7th. They issued a “market perform” rating for the company. Finally, Piper Sandler boosted their target price on shares of Park National from $189.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $211.00.

Park National Price Performance

NYSE:PRK opened at $208.15 on Thursday. Park National has a 52-week low of $149.06 and a 52-week high of $214.10. The company has a market cap of $3.77 billion, a P/E ratio of 22.36 and a beta of 0.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.94. The stock’s 50-day simple moving average is $182.27 and its 200 day simple moving average is $172.24.

Institutional Trading of Park National

A number of institutional investors and hedge funds have recently made changes to their positions in PRK. MassMutual Private Wealth & Trust FSB increased its stake in Park National by 253.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 152 shares of the company’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Park National by 629.2% during the second quarter. EverSource Wealth Advisors LLC now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Danske Bank A S lifted its stake in Park National by 100.0% during the fourth quarter. Danske Bank A S now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. Quarry LP boosted its holdings in shares of Park National by 878.3% in the 3rd quarter. Quarry LP now owns 225 shares of the company’s stock valued at $37,000 after purchasing an additional 202 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors acquired a new stake in shares of Park National in the 4th quarter valued at $46,000. Institutional investors own 62.65% of the company’s stock.

About Park National

Park National Corporation is a bank holding company whose primary subsidiary, The Park National Bank, provides a full suite of commercial and personal banking services. The company’s main business activities include deposit-taking, commercial and industrial lending, mortgage originations and trust and wealth management services. Park National aims to serve the financial needs of businesses, professionals, families and nonprofit organizations across its regional footprint.

Through its subsidiary banks, Park National offers traditional deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside loan products including commercial real estate loans, agricultural lending, equipment financing and consumer installment loans.