Xact Kapitalforvaltning AB Invests $267,000 in Park National Co. (PRK) Stock

Xact Kapitalforvaltning AB purchased a new stake in shares of Park National Co. (NYSEAMERICAN:PRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,565 shares of the financial services provider’s stock, valued at approximately $267,000.

A number of other large investors also recently added to or reduced their stakes in the business. Asset Dedication LLC lifted its position in shares of Park National by 273.1% in the fourth quarter. Asset Dedication LLC now owns 1,306 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 956 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Park National in the third quarter valued at about $205,000. Summit Financial Strategies Inc. lifted its position in shares of Park National by 24.8% in the fourth quarter. Summit Financial Strategies Inc. now owns 2,396 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 476 shares in the last quarter. Douglas Lane & Associates LLC purchased a new position in shares of Park National in the fourth quarter valued at about $283,000. Finally, SG Americas Securities LLC lifted its position in shares of Park National by 117.0% in the fourth quarter. SG Americas Securities LLC now owns 4,141 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 2,233 shares in the last quarter.

Shares of Park National stock opened at $104.38 on Friday. Park National Co. has a 52 week low of $92.42 and a 52 week high of $116.75.



Park National (NYSEAMERICAN:PRK) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.03). The business had revenue of $85.27 million during the quarter, compared to analysts’ expectations of $84.71 million. Park National had a net margin of 28.22% and a return on equity of 12.74%.

Separately, Zacks Investment Research upgraded Park National from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a research report on Wednesday, December 27th.

In related news, Director Robert E. Oneill sold 368 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $103.13, for a total value of $37,951.84. Following the sale, the director now directly owns 7,330 shares in the company, valued at $755,942.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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Park National Profile

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It 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 for individual customers.

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Institutional Ownership by Quarter for Park National (NYSEAMERICAN:PRK)

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