U.S. markets closed
  • S&P Futures

    4,115.50
    -7.50 (-0.18%)
     
  • Dow Futures

    33,938.00
    -58.00 (-0.17%)
     
  • Nasdaq Futures

    13,196.00
    -16.00 (-0.12%)
     
  • Russell 2000 Futures

    2,205.90
    -2.00 (-0.09%)
     
  • Crude Oil

    64.99
    -0.50 (-0.76%)
     
  • Gold

    1,870.50
    +2.50 (+0.13%)
     
  • Silver

    28.45
    +0.14 (+0.50%)
     
  • EUR/USD

    1.2229
    +0.0003 (+0.02%)
     
  • 10-Yr Bond

    1.6420
    +0.0020 (+0.12%)
     
  • Vix

    21.34
    +1.62 (+8.22%)
     
  • GBP/USD

    1.4190
    +0.0003 (+0.02%)
     
  • USD/JPY

    109.0320
    +0.1420 (+0.13%)
     
  • BTC-USD

    42,647.62
    -1,839.61 (-4.14%)
     
  • CMC Crypto 200

    1,194.23
    -58.92 (-4.70%)
     
  • FTSE 100

    7,034.24
    +1.39 (+0.02%)
     
  • Nikkei 225

    28,096.80
    -310.04 (-1.09%)
     

What Type Of Shareholder Owns Park National Corporation's (NYSEMKT:PRK)?

  • Oops!
    Something went wrong.
    Please try again later.
Simply Wall St
  • Oops!
    Something went wrong.
    Please try again later.

A look at the shareholders of Park National Corporation (NYSEMKT:PRK) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.

Park National isn't enormous, but it's not particularly small either. It has a market capitalization of US$1.5b, which means it would generally expect to see some institutions on the share registry. In the chart below below, we can see that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholder can tell us about PRK.

See our latest analysis for Park National

AMEX:PRK Ownership Summary, October 10th 2019
AMEX:PRK Ownership Summary, October 10th 2019

What Does The Institutional Ownership Tell Us About Park National?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors own 41% of Park National. This suggests some credibility amongst professional investors. But we can't rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Park National, (below). Of course, keep in mind that there are other factors to consider, too.

AMEX:PRK Income Statement, October 10th 2019
AMEX:PRK Income Statement, October 10th 2019

Hedge funds don't have many shares in Park National. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Park National

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Shareholders would probably be interested to learn that insiders own shares in Park National Corporation. This is a big company, so it is good to see this level of alignment. Insiders own US$32m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.

General Public Ownership

The general public, mostly retail investors, hold a substantial 56% stake in PRK, suggesting it is a fairly popular stock. This size of ownership gives retail investors collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.

I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.