StockNews.com upgraded shares of Park National (NYSE:PRK – Free Report) from a sell rating to a hold rating in a research note issued to investors on Monday.
Separately, Piper Sandler started coverage on Park National in a report on Friday, February 23rd. They issued a neutral rating and a $130.00 price target for the company.
View Our Latest Report on Park National
Park National Trading Up 4.6 %
Park National (NYSE:PRK – Get Free Report) last announced its quarterly earnings data on Monday, January 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.09. Park National had a return on equity of 12.28% and a net margin of 22.03%. The firm had revenue of $140.73 million during the quarter, compared to analyst estimates of $119.14 million. As a group, research analysts predict that Park National will post 7.6 earnings per share for the current fiscal year.
Institutional Trading of Park National
Hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Park National in the 4th quarter worth approximately $31,000. CWA Asset Management Group LLC acquired a new position in Park National during the 4th quarter worth $208,000. Nisa Investment Advisors LLC grew its stake in shares of Park National by 60.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,609 shares of the company’s stock worth $214,000 after purchasing an additional 609 shares in the last quarter. FORVIS Wealth Advisors LLC acquired a new position in shares of Park National during the fourth quarter valued at $238,000. Finally, Fruth Investment Management bought a new stake in shares of Park National during the fourth quarter valued at about $239,000. 62.65% of the stock is currently owned by institutional investors.
Park National Company 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.
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