Kempner Capital Management adds Park National Corporation (PRK) to its portfolio

Park National Corporation (PRK) : Kempner Capital Management added new position in Park National Corporation during the most recent quarter end. The investment management firm now holds 2,200 shares of Park National Corporation which is valued at $200,728 , the company said in a statement filed on Jul 6, 2016 with the SEC.Park National Corporation makes up approximately 0.13% of Kempner Capital Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa added PRK to its portfolio by purchasing 530 company shares during the most recent quarter which is valued at $48,357.

Park National Corporation opened for trading at $91.58 and hit $92.86 on the upside on Monday, eventually ending the session at $92.6, with a gain of 1.49% or 1.36 points. The heightened volatility saw the trading volume jump to 21,730 shares. Company has a market cap of $1,420 M.

Park National Corporation (Park) is a bank holding company. The Park’s banking operations are conducted through chartered national bank subsidiary The Park National Bank (PNB) Guardian Financial Services Company (Guardian Finance) and SE Property Holdings LLC (SEPH). Park National Bank is engaged in the commercial banking and trust business generally in small and medium population Ohio communities. As of December 31 2014 the Bank operated 116 banking offices in Ohio through 11 banking divisions. Park National Bank deals with consumers as well as with a cross-section of businesses and corporations located primarily in the 28 Ohio counties and one Kentucky county served by the financial service offices. Park classifies its securities as available-for-sale (AFS). Park’s source of funds is deposits from individuals businesses and local government entities.

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