Park National (NYSE:PRK) Coverage Initiated by Analysts at Piper Sandler

Equities researchers at Piper Sandler started coverage on shares of Park National (NYSE:PRK) in a research report issued on Thursday, MarketBeat reports. The brokerage set a “neutral” rating and a $185.50 price target on the stock. Piper Sandler’s price objective points to a potential upside of 13.64% from the stock’s current price.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $178.00 price objective (down from $187.00) on shares of Park National in a report on Wednesday, January 29th.

Park National Stock Down 2.2 %

Shares of Park National stock opened at $163.24 on Thursday. The company has a 50-day simple moving average of $171.56 and a two-hundred day simple moving average of $174.04. The stock has a market capitalization of $2.64 billion, a PE ratio of 17.53 and a beta of 0.73. Park National has a 52-week low of $123.08 and a 52-week high of $207.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.94.

Institutional Trading of Park National

A number of institutional investors have recently made changes to their positions in PRK. Smartleaf Asset Management LLC raised its holdings in shares of Park National by 162.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 181 shares of the company’s stock valued at $31,000 after purchasing an additional 112 shares during the last quarter. Sterling Capital Management LLC grew its position in Park National by 808.0% in the 4th quarter. Sterling Capital Management LLC now owns 454 shares of the company’s stock worth $78,000 after purchasing an additional 404 shares during the period. Signaturefd LLC raised its stake in Park National by 9.7% during the 4th quarter. Signaturefd LLC now owns 692 shares of the company’s stock valued at $119,000 after buying an additional 61 shares during the last quarter. KBC Group NV lifted its holdings in shares of Park National by 55.8% during the 4th quarter. KBC Group NV now owns 787 shares of the company’s stock valued at $135,000 after buying an additional 282 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Park National in the 4th quarter worth $201,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.

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.