Century Bancorp (CNBKA) Lowered to “Hold” at ValuEngine
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.
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.
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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