Universal Beteiligungs und Servicegesellschaft mbH Invests $203,000 in Park National Co. $PRK

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Park National Co. (NYSE:PRK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,213 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRK. Livelsberger Financial Advisory acquired a new position in shares of Park National in the 2nd quarter valued at $27,000. CWM LLC lifted its position in Park National by 66.4% during the 2nd quarter. CWM LLC now owns 223 shares of the company’s stock worth $37,000 after acquiring an additional 89 shares during the period. GAMMA Investing LLC grew its stake in Park National by 18.7% during the 2nd quarter. GAMMA Investing LLC now owns 533 shares of the company’s stock valued at $89,000 after purchasing an additional 84 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Park National in the first quarter valued at about $93,000. Finally, Stephens Consulting LLC increased its holdings in shares of Park National by 22,760.0% in the second quarter. Stephens Consulting LLC now owns 1,143 shares of the company’s stock valued at $191,000 after purchasing an additional 1,138 shares during the period. Hedge funds and other institutional investors own 62.65% of the company’s stock.

Park National Price Performance

Shares of NYSE PRK opened at $153.55 on Friday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 16.49 and a beta of 0.76. The firm has a 50-day simple moving average of $157.53 and a 200-day simple moving average of $163.82. Park National Co. has a 52 week low of $137.97 and a 52 week high of $194.66. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 0.15.

Park National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, November 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.3%. Park National’s dividend payout ratio is currently 39.41%.

Analyst Upgrades and Downgrades

PRK has been the topic of several research reports. Piper Sandler cut their price target on shares of Park National from $185.00 to $176.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Zacks Research lowered shares of Park National from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Park National from $175.00 to $180.00 and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Park National presently has an average rating of “Hold” and an average target price of $178.00.

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.