Geode Capital Management LLC Has $56.15 Million Holdings in Park National Co. (NYSE:PRK)

Geode Capital Management LLC lifted its position in shares of Park National Co. (NYSE:PRK) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,188 shares of the company’s stock after acquiring an additional 3,165 shares during the quarter. Geode Capital Management LLC owned approximately 2.07% of Park National worth $56,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRK. State Street Corp boosted its stake in shares of Park National by 0.5% during the third quarter. State Street Corp now owns 632,567 shares of the company’s stock valued at $106,259,000 after purchasing an additional 3,318 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Park National by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 495,375 shares of the company’s stock worth $70,507,000 after buying an additional 21,221 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Park National by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,570 shares of the company’s stock worth $30,164,000 after acquiring an additional 2,119 shares during the last quarter. Bank of New York Mellon Corp increased its position in Park National by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,579 shares of the company’s stock valued at $21,860,000 after acquiring an additional 1,288 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Park National by 7.7% during the second quarter. Public Sector Pension Investment Board now owns 31,666 shares of the company’s stock valued at $4,507,000 after acquiring an additional 2,264 shares during the last quarter. Institutional investors own 62.65% of the company’s stock.

Park National Stock Performance

Shares of Park National stock opened at $173.58 on Monday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 20.54 and a beta of 0.72. Park National Co. has a twelve month low of $123.08 and a twelve month high of $207.99. The company’s fifty day moving average is $184.59 and its 200 day moving average is $168.60. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15.

Park National Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 1.15%. Park National’s payout ratio is 50.18%.

Park National 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.