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.
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