Century Bancorp (NASDAQ:CNBKA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Shares of Century Bancorp (CNBKA) traded down $0.80 on Friday, hitting $85.00. 5,298 shares of the stock were exchanged, compared to its average volume of 5,815. Century Bancorp has a 52 week low of $53.35 and a 52 week high of $89.40. The company has a market cap of $473.20, a P/E ratio of 16.44 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

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

In other Century Bancorp news, major shareholder James J. Filler acquired 443 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was purchased at an average price of $66.67 per share, with a total value of $29,534.81. Following the acquisition, the insider now directly owns 578,117 shares of the company’s stock, valued at approximately $38,543,060.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder James J. Filler acquired 900 shares of the business’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $65.94 per share, with a total value of $59,346.00. Following the acquisition, the insider now directly owns 578,631 shares in the company, valued at $38,154,928.14. The disclosure for this purchase can be found here. Insiders have purchased a total of 23,081 shares of company stock valued at $1,903,933 in the last ninety days. 36.91% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of Century Bancorp by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock valued at $472,000 after buying an additional 100 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Century Bancorp by 0.8% in the 2nd quarter. Acadian Asset Management LLC now owns 15,136 shares of the bank’s stock valued at $961,000 after buying an additional 115 shares in the last quarter. ZPR Investment Management increased its position in Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after purchasing an additional 125 shares in the last quarter. Strs Ohio increased its position in Century Bancorp by 2.5% during the 2nd quarter. Strs Ohio now owns 8,100 shares of the bank’s stock worth $515,000 after purchasing an additional 200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Century Bancorp by 4.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock worth $626,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 36.50% of the company’s stock.

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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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