Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 200 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of $91.31 per share, for a total transaction of $18,262.00. Following the completion of the transaction, the insider now directly owns 735,632 shares of the company’s stock, valued at $67,170,557.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
CNBKA stock traded down $0.32 during mid-day trading on Thursday, reaching $90.38. 590 shares of the stock traded hands, compared to its average volume of 8,627. Century Bancorp, Inc. has a 52-week low of $70.20 and a 52-week high of $95.70. The stock’s fifty day moving average is $88.97 and its 200-day moving average is $86.40. The company has a market cap of $501.03 million, a P/E ratio of 12.89 and a beta of 0.82. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.75.
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Century Bancorp by 16.8% during the second quarter. JPMorgan Chase & Co. now owns 14,114 shares of the bank’s stock valued at $1,235,000 after acquiring an additional 2,032 shares during the period. State Street Corp lifted its position in shares of Century Bancorp by 4.3% in the 3rd quarter. State Street Corp now owns 55,385 shares of the bank’s stock valued at $4,852,000 after acquiring an additional 2,283 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Century Bancorp by 7.8% in the 3rd quarter. Rhumbline Advisers now owns 4,330 shares of the bank’s stock valued at $379,000 after acquiring an additional 313 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Century Bancorp in the 3rd quarter worth approximately $255,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Century Bancorp in the 3rd quarter worth approximately $26,000. 33.90% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on CNBKA. BidaskClub downgraded Century Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine cut Century Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 13th.
About Century Bancorp
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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