Summit Financial Strategies Inc. Raises Stock Holdings in Park National Co. (NYSE:PRK)

Summit Financial Strategies Inc. raised its position in shares of Park National Co. (NYSE:PRK) by 9.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,042 shares of the company’s stock after purchasing an additional 848 shares during the quarter. Summit Financial Strategies Inc.’s holdings in Park National were worth $1,721,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Park National by 0.5% in the third quarter. State Street Corp now owns 632,567 shares of the company’s stock worth $106,259,000 after acquiring an additional 3,318 shares during the period. Geode Capital Management LLC raised its holdings in Park National by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 334,188 shares of the company’s stock worth $56,148,000 after purchasing an additional 3,165 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Park National by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,570 shares of the company’s stock worth $30,164,000 after purchasing an additional 2,119 shares during the period. Barclays PLC boosted its stake in shares of Park National by 161.7% during the 3rd quarter. Barclays PLC now owns 28,528 shares of the company’s stock valued at $4,792,000 after purchasing an additional 17,627 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Park National by 30.6% during the third quarter. Citigroup Inc. now owns 23,113 shares of the company’s stock valued at $3,883,000 after buying an additional 5,416 shares during the period. Institutional investors own 62.65% of the company’s stock.

Park National Price Performance

PRK stock opened at $167.73 on Monday. The firm has a 50-day moving average of $179.89 and a 200 day moving average of $174.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $2.71 billion, a P/E ratio of 19.04 and a beta of 0.74. Park National Co. has a 1 year low of $123.08 and a 1 year high of $207.99.

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.