Park National (NYSEAMERICAN:PRK) Stock Passes Above 50-Day Moving Average of $0.00

Park National Co. (NYSEAMERICAN:PRKGet Rating) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $118.89. Park National shares last traded at $117.18, with a volume of 63,356 shares changing hands.

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.90 billion, a P/E ratio of 12.49 and a beta of 0.78.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 20th were paid a $1.04 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $4.16 dividend on an annualized basis and a yield of 3.55%. Park National’s payout ratio is presently 44.35%.

A number of hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in shares of Park National during the first quarter worth $51,000. Goldman Sachs Group Inc. boosted its position in shares of Park National by 22.0% during the first quarter. Goldman Sachs Group Inc. now owns 13,744 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 2,477 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Park National by 11.6% during the first quarter. Captrust Financial Advisors now owns 3,674 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 383 shares during the period. State Street Corp raised its holdings in shares of Park National by 4.3% during the first quarter. State Street Corp now owns 561,054 shares of the financial services provider’s stock worth $73,711,000 after acquiring an additional 23,319 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Park National by 61.0% during the first quarter. Hsbc Holdings PLC now owns 4,324 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 1,638 shares during the period. 61.05% of the stock is currently owned by hedge funds and other institutional investors.

About Park National (NYSEAMERICAN:PRK)

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 for individual customers.

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