Park National (NYSE:PRK) Given New $205.00 Price Target at Keefe, Bruyette & Woods

Park National (NYSE:PRK) had its price target upped by research analysts at Keefe, Bruyette & Woods from $180.00 to $205.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 3.56% from the stock’s previous close.

PRK has been the topic of several other reports. Zacks Research lowered shares of Park National from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Piper Sandler lifted 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. Finally, Raymond James Financial began coverage on shares of Park National in a research report on Tuesday, July 7th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $211.00.

Park National Trading Up 2.7%

Shares of NYSE PRK opened at $212.56 on Thursday. Park National has a 1-year low of $149.06 and a 1-year high of $214.10. The company has a 50-day moving average of $180.74 and a two-hundred day moving average of $171.64. The company has a market cap of $3.85 billion, a PE ratio of 22.83 and a beta of 0.69. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its holdings in Park National by 51.2% in the third quarter. Tudor Investment Corp ET AL now owns 32,285 shares of the company’s stock worth $5,247,000 after purchasing an additional 10,935 shares during the period. SG Americas Securities LLC grew its holdings in shares of Park National by 249.8% in the 4th quarter. SG Americas Securities LLC now owns 6,299 shares of the company’s stock valued at $959,000 after buying an additional 4,498 shares during the period. UBS Group AG grew its holdings in shares of Park National by 15.7% in the 4th quarter. UBS Group AG now owns 64,583 shares of the company’s stock valued at $9,828,000 after buying an additional 8,777 shares during the period. Principal Financial Group Inc. increased its position in shares of Park National by 14.5% in the 1st quarter. Principal Financial Group Inc. now owns 78,087 shares of the company’s stock valued at $12,763,000 after buying an additional 9,865 shares in the last quarter. Finally, Park National Corp OH increased its position in shares of Park National by 9.8% in the 1st quarter. Park National Corp OH now owns 1,155,964 shares of the company’s stock valued at $188,942,000 after buying an additional 103,142 shares in the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

Park National Company Profile

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.