Park National (NYSEAMERICAN:PRK – Get Rating) announced its quarterly earnings data on Monday. The financial services provider reported $1.94 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.37), MarketWatch Earnings reports. The firm had revenue of $135.20 million for the quarter, compared to analyst estimates of $126.90 million. Park National had a net margin of 30.46% and a return on equity of 12.89%.
Park National Stock Down 8.3 %
NYSEAMERICAN:PRK opened at $124.01 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 13.36 and a beta of 0.79. Park National has a twelve month low of $112.78 and a twelve month high of $151.59. The company has a 50-day simple moving average of $129.59.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in PRK. Quantbot Technologies LP bought a new position in Park National in the 1st quarter valued at approximately $51,000. Royal Bank of Canada boosted its position in Park National by 19.8% during the 3rd quarter. Royal Bank of Canada now owns 582 shares of the financial services provider’s stock worth $73,000 after buying an additional 96 shares during the period. Two Sigma Investments LP acquired a new position in Park National in the 3rd quarter valued at approximately $212,000. Cetera Advisor Networks LLC increased its stake in shares of Park National by 9.1% in the first quarter. Cetera Advisor Networks LLC now owns 1,791 shares of the financial services provider’s stock valued at $235,000 after buying an additional 150 shares during the period. Finally, PDT Partners LLC bought a new position in shares of Park National during the second quarter worth about $380,000. Institutional investors own 51.82% 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 for individual customers.
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