Park National Co. (NYSE:PRK) Shares Bought by Barclays PLC

Barclays PLC raised its stake in Park National Co. (NYSE:PRK - Free Report) by 161.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,528 shares of the company's stock after acquiring an additional 17,627 shares during the period. Barclays PLC owned 0.18% of Park National worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in PRK. Nisa Investment Advisors LLC boosted its stake in shares of Park National by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,709 shares of the company's stock worth $287,000 after buying an additional 80 shares during the period. Arizona State Retirement System grew its position in Park National by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 4,512 shares of the company's stock valued at $642,000 after buying an additional 83 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Park National by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the company's stock valued at $1,025,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System raised its position in Park National by 3.1% during the 3rd quarter. New York State Teachers Retirement System now owns 3,277 shares of the company's stock worth $550,000 after buying an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Park National by 1.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,082 shares of the company's stock worth $1,358,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 62.65% of the company's stock.

Park National Stock Performance

Shares of Park National stock traded up $1.04 on Friday, reaching $173.58. 249,552 shares of the stock were exchanged, compared to its average volume of 53,619. The firm has a market capitalization of $2.80 billion, a PE ratio of 20.54 and a beta of 0.72. Park National Co. has a 1-year low of $123.08 and a 1-year high of $207.99. The business has a fifty day moving average price of $184.59 and a two-hundred day moving average price of $168.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Park National Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. Park National's dividend payout ratio (DPR) is presently 50.18%.

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.