Summit Financial Strategies Inc. Grows Position in Park National Co. (NYSE:PRK)

Summit Financial Strategies Inc. lifted its holdings in shares of Park National Co. (NYSE:PRK) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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. owned 0.06% of Park National worth $1,721,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Park National by 0.5% in the 3rd quarter. State Street Corp now owns 632,567 shares of the company’s stock worth $106,259,000 after buying an additional 3,318 shares during the last quarter. Arbor Investment Advisors LLC bought a new position in Park National in the third quarter valued at $687,000. Citigroup Inc. raised its position in 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 purchasing an additional 5,416 shares in the last quarter. Barclays PLC raised its position in Park National by 161.7% during the third 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, The Manufacturers Life Insurance Company lifted its stake in Park National by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 8,414 shares of the company’s stock worth $1,198,000 after purchasing an additional 402 shares during the last quarter. 62.65% of the stock is currently owned by institutional investors.

Park National Price Performance

Shares of Park National stock opened at $167.73 on Monday. The business’s 50-day moving average price is $179.89 and its 200-day moving average price is $174.35. The firm has a market capitalization of $2.71 billion, a PE ratio of 19.04 and a beta of 0.74. Park National Co. has a 12 month low of $123.08 and a 12 month high of $207.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

About Park National

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.