Sanctuary Advisors LLC Has $397,000 Stock Holdings in Park National Co. (NYSE:PRK)

Sanctuary Advisors LLC increased its position in Park National Co. (NYSE:PRK) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,366 shares of the company’s stock after purchasing an additional 241 shares during the quarter. Sanctuary Advisors LLC’s holdings in Park National were worth $397,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in Park National in the third quarter valued at approximately $311,000. Geode Capital Management LLC increased its holdings in shares of Park National by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 334,188 shares of the company’s stock worth $56,148,000 after acquiring an additional 3,165 shares during the last quarter. Barclays PLC increased its holdings in shares of Park National by 161.7% during the 3rd quarter. Barclays PLC now owns 28,528 shares of the company’s stock worth $4,792,000 after acquiring an additional 17,627 shares during the last quarter. Hamilton Capital LLC raised its stake in Park National by 108.3% in the 3rd quarter. Hamilton Capital LLC now owns 4,997 shares of the company’s stock valued at $863,000 after acquiring an additional 2,598 shares during the period. Finally, Jane Street Group LLC boosted its position in Park National by 42.5% during the third quarter. Jane Street Group LLC now owns 20,225 shares of the company’s stock worth $3,397,000 after purchasing an additional 6,031 shares during the period. 62.65% of the stock is currently owned by institutional investors and hedge funds.

Park National Price Performance

NYSE:PRK opened at $178.22 on Friday. The firm’s fifty day moving average price is $184.59 and its two-hundred day moving average price is $169.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $2.88 billion, a P/E ratio of 21.09 and a beta of 0.72. Park National Co. has a one year low of $123.08 and a one year high of $207.99.

Park National Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.50 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.12%. Park National’s dividend payout ratio is currently 50.18%.

About Park National

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.