Zacks Investment Research Upgrades Park National (NYSEAMERICAN:PRK) to Hold

Park National (NYSEAMERICAN:PRK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “Park National Corporation is the bank holding company for The Park National Bank, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, United Bank, N.A., Second National Bank, The Security National Bank and Trust Co. and The Citizens National Bank of Urbana. “

Separately, Boenning Scattergood reissued a “hold” rating on shares of Park National in a research report on Monday, April 22nd.



PRK stock opened at $98.97 on Friday. Park National has a 1-year low of $79.27 and a 1-year high of $118.50.

A number of hedge funds have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of Park National by 28.8% during the 4th quarter. First Trust Advisors LP now owns 309,642 shares of the financial services provider’s stock valued at $26,304,000 after buying an additional 69,197 shares during the last quarter. BlackRock Inc. lifted its position in shares of Park National by 3.2% during the 4th quarter. BlackRock Inc. now owns 971,472 shares of the financial services provider’s stock valued at $82,527,000 after buying an additional 29,960 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Park National by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 147,559 shares of the financial services provider’s stock valued at $12,535,000 after buying an additional 12,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Park National by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 368,746 shares of the financial services provider’s stock valued at $31,325,000 after buying an additional 10,583 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Park National by 18.5% during the 3rd quarter. Morgan Stanley now owns 53,603 shares of the financial services provider’s stock valued at $5,658,000 after buying an additional 8,370 shares during the last quarter.

About Park National

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.

Read More: What is the Russell 2000 Index?

Get a free copy of the Zacks research report on Park National (PRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Park National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park National and related companies with MarketBeat.com's FREE daily email newsletter.