Context. Our knowledge of the intrinsic parameters of exoplanets is as precise as our determinations of their stellar hosts parameters. In the case of radial velocity searches for planets, stellar masses appear to be crucial. But before estimating stellar masses properly, detailed spectroscopic analysis is essential. With this paper we conclude a general spectroscopic description of the Pennsylvania-Toruń Planet Search (PTPS) sample of stars. Aims: We aim at a detailed description of basic parameters of stars representing the complete PTPS sample. We present atmospheric and physical parameters for dwarf stars observed within the PTPS along with updated physical parameters for the remaining stars from this sample after the first Gaia data release. Methods: We used high resolution (R = 60 000) and high signal-to-noise-ratio (S/N = 150-250) spectra from the Hobby-Eberly Telescope and its High Resolution Spectrograph. Stellar atmospheric parameters were determined through a strictly spectroscopic local thermodynamic equilibrium analysis (LTE) of the equivalent widths of Fe I and Fe II lines. Stellar masses, ages, and luminosities were estimated through a Bayesian analysis of theoretical isochrones. Results: We present Teff, log g, [Fe/H], microturbulence velocities, absolute radial velocities, and rotational velocities for 156 stars from the dwarf sample of PTPS. For most of these stars these are the first determinations. We refine the definition of PTPS subsamples of stars (giants, subgiants, and dwarfs) and update the luminosity classes for all PTPS stars. Using available Gaia and HIPPARCOS parallaxes, we redetermine the stellar parameters (masses, radii, luminosities, and ages) for 451 PTPS stars. Conclusions: The complete PTPS sample of 885 stars is composed of 132 dwarfs, 238 subgiants, and 515 giants, of which the vast majority are of roughly solar mass; however, 114 have masses higher than 1.5 M⊙ and 30 of over 2 M⊙. The PTPS extends toward much less metal abundant and much more distant stars than other planet search projects aimed at detecting planets around evolved stars; 29% of our targets belong to the Galactic thick disc and 2% belong to the halo. Based on observations obtained with the Hobby-Eberly Telescope, which is a joint project of the University of Texas at Austin, Pennsylvania State University, Stanford University, Ludwig-Maximilians-Universität München, and Georg-August-Universität Göttingen.Tables 2-4 are only available at the CDS via anonymous ftp to http://cdsarc.u-strasbg.fr (ftp://130.79.128.5) or via http://cdsarc.u-strasbg.fr/viz-bin/qcat?J/A+A/615/A31