Nisa Investment Advisors LLC Has $344,000 Stake in Park National Co. (NYSE:PRK)

Nisa Investment Advisors LLC boosted its stake in shares of Park National Co. (NYSE:PRK) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,009 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Park National were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRK. Contravisory Investment Management Inc. acquired a new stake in shares of Park National during the 3rd quarter worth about $227,000. PDS Planning Inc bought a new position in shares of Park National in the third quarter valued at approximately $228,000. Algert Global LLC acquired a new position in shares of Park National in the 2nd quarter worth approximately $231,000. CWA Asset Management Group LLC bought a new stake in Park National during the 3rd quarter worth approximately $263,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Park National in the third quarter valued at $280,000. 62.65% of the stock is owned by institutional investors.

Park National Stock Up 0.1 %

Shares of NYSE:PRK opened at $171.48 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 20.29 and a beta of 0.74. The company has a 50 day moving average of $179.09 and a 200-day moving average of $174.59. Park National Co. has a one year low of $123.08 and a one year high of $207.99.

Park National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $1.07 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Park National’s previous quarterly dividend of $1.06. Park National’s dividend payout ratio is 50.18%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $178.00 price target (down previously from $187.00) on shares of Park National in a report on Wednesday.

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.