Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 258 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $85.10 per share, with a total value of $21,955.80. Following the purchase, the insider now directly owns 595,219 shares in the company, valued at approximately $50,653,136.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $1.10 during midday trading on Friday, hitting $83.70. 3,617 shares of the stock were exchanged, compared to its average volume of 7,438. Century Bancorp, Inc. has a one year low of $53.35 and a one year high of $89.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $471.25, a P/E ratio of 16.37 and a beta of 0.74.
Century Bancorp (NASDAQ:CNBKA) last posted 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.
Separately, ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. increased its position in Century Bancorp by 60.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,593 shares of the bank’s stock worth $848,000 after purchasing an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Century Bancorp by 10.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock worth $10,680,000 after acquiring an additional 12,596 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Century Bancorp by 107.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 11,413 shares of the bank’s stock worth $915,000 after acquiring an additional 5,913 shares during the period. Wells Fargo & Company MN boosted its holdings in Century Bancorp by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares during the period. Finally, ClariVest Asset Management LLC boosted its holdings in Century Bancorp by 26.1% in the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after acquiring an additional 1,057 shares during the period. 36.50% of the stock is owned by hedge funds and other institutional investors.
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Century Bancorp Company Profile
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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