Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 700 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $78.00 per share, with a total value of $54,600.00. Following the completion of the acquisition, the insider now directly owns 612,529 shares in the company, valued at $47,777,262. The purchase was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $1.70 during trading hours on Monday, reaching $78.15. 5,100 shares of the company were exchanged, compared to its average volume of 6,459. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. The company has a market cap of $425.60, a price-to-earnings ratio of 13.85 and a beta of 0.75.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%. The company had revenue of $26.11 million during the quarter.
A number of large investors have recently bought and sold shares of CNBKA. The Manufacturers Life Insurance Company raised its holdings in Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after buying an additional 3,642 shares during the last quarter. Wells Fargo & Company MN raised 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 purchasing an additional 1,244 shares in the last quarter. First Trust Advisors LP bought a new position in Century Bancorp in the 4th quarter worth $340,000. ClariVest Asset Management LLC raised 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 purchasing an additional 1,057 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in Century Bancorp by 27.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.
A number of equities research analysts recently commented on the stock. ValuEngine lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.
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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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