BNP Paribas Arbitrage SA boosted its position in shares of Park National Co. (NYSE:PRK) by 104.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,084 shares of the company’s stock after buying an additional 554 shares during the period. BNP Paribas Arbitrage SA’s holdings in Park National were worth $104,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Park National by 13.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 55,235 shares of the company’s stock worth $5,070,000 after buying an additional 6,702 shares in the last quarter. Stifel Financial Corp increased its position in Park National by 23.8% in the second quarter. Stifel Financial Corp now owns 76,090 shares of the company’s stock worth $6,983,000 after buying an additional 14,641 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in Park National by 0.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 9,773 shares of the company’s stock worth $897,000 after buying an additional 76 shares in the last quarter.
Shares of Park National Co. (NYSE:PRK) opened at 94.86 on Monday. The firm has a 50-day moving average price of $95.45 and a 200-day moving average price of $92.32. Park National Co. has a 12 month low of $79.01 and a 12 month high of $104.58. The stock has a market cap of $1.45 billion and a PE ratio of 18.35.
Park National (NYSE:PRK) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.08. Equities analysts forecast that Park National Co. will post $5.31 EPS for the current year.
Separately, Zacks Investment Research raised Park National from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th.
About Park National
Park National Corporation (Park) is a financial holding company. The Company’s banking operations are conducted through The Park National Bank. The Company’s segments include Park National Bank, Guardian Financial Services Company (Guardian Finance) and SE Property Holdings, LLC (SEPH). The Park National Bank is engaged in the commercial banking and trust business, generally in small and medium population Ohio communities.