Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires 837 Shares of Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 837 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were bought at an average cost of $79.89 per share, with a total value of $66,867.93. Following the transaction, the insider now directly owns 604,920 shares of the company’s stock, valued at $48,327,058.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Century Bancorp, Inc. (CNBKA) traded up $0.30 during trading on Friday, reaching $80.70. The company’s stock had a trading volume of 4,617 shares, compared to its average volume of 5,648. The company has a market capitalization of $447.59, a PE ratio of 15.61 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 52-week low of $53.35 and a 52-week high of $89.40.

Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. The firm had revenue of $25.30 million during the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%.

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in Century Bancorp by 1,300.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after purchasing an additional 3,642 shares during the period. Wells Fargo & Company MN boosted its position in Century Bancorp by 54.2% during the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after purchasing an additional 1,244 shares during the period. ZPR Investment Management boosted its position in Century Bancorp by 2.7% during the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after purchasing an additional 125 shares during the period. ClariVest Asset Management LLC lifted its holdings in shares of Century Bancorp by 26.1% during the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,057 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after buying an additional 1,400 shares during the last quarter. 36.50% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on CNBKA shares. BidaskClub cut Century Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th. ValuEngine cut Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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About Century Bancorp

Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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