Park National Co. (NYSE:PRK) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of Park National Co. (NYSE:PRK) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,419 shares of the company’s stock after selling 5,812 shares during the period. American Century Companies Inc. owned about 0.37% of Park National worth $8,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Park National in the 2nd quarter valued at approximately $85,000. MFA Wealth Advisors LLC purchased a new position in Park National in the second quarter valued at $121,000. CWA Asset Management Group LLC acquired a new position in Park National during the 4th quarter worth $208,000. SG Americas Securities LLC increased its holdings in Park National by 56.1% during the 1st quarter. SG Americas Securities LLC now owns 1,789 shares of the company’s stock worth $243,000 after purchasing an additional 643 shares during the period. 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 valued at $341,000 after purchasing an additional 464 shares in the last quarter. 62.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Park National from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd.

Park National Stock Performance

Shares of PRK stock opened at $171.67 on Tuesday. Park National Co. has a 12 month low of $91.78 and a 12 month high of $190.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.77 billion, a P/E ratio of 21.73 and a beta of 0.71. The firm has a fifty day moving average price of $169.54 and a 200 day moving average price of $147.52.

Park National (NYSE:PRK) last released its quarterly earnings data on Monday, July 22nd. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.39. Park National had a return on equity of 12.49% and a net margin of 22.67%. The business had revenue of $126.63 million for the quarter, compared to the consensus estimate of $120.52 million.

Park National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, August 16th. Park National’s dividend payout ratio (DPR) is 53.67%.

Insider Buying and Selling

In other Park National news, Director Mark R. Ramser sold 546 shares of the company’s stock in a transaction on Monday, July 29th. The shares were 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 in the company, valued at $68,470.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Park National news, Director Mark R. Ramser sold 454 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was 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 in the company, valued at $173,030.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark R. Ramser sold 546 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $180.66, for a total transaction of $98,640.36. Following the transaction, the director now owns 379 shares in the company, valued at $68,470.14. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Park National Profile

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.