Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 502 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $76.58 per share, for a total transaction of $38,443.16. Following the acquisition, the insider now directly owns 612,529 shares of the company’s stock, valued at approximately $46,907,470.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ CNBKA) traded up $1.70 during mid-day trading on Monday, hitting $78.15. 5,100 shares of the stock traded hands, compared to its average volume of 6,459. Century Bancorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $425.60, a P/E ratio of 13.85 and a beta of 0.75.
Century Bancorp (NASDAQ:CNBKA) last released its 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 firm had revenue of $26.11 million for the quarter.
Several research firms have recently commented on CNBKA. ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Century Bancorp by 0.5% during the fourth quarter. BlackRock Inc. now owns 148,544 shares of the bank’s stock valued at $11,624,000 after purchasing an additional 750 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Century Bancorp by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 36,100 shares of the bank’s stock valued at $2,825,000 after purchasing an additional 3,637 shares in the last quarter. Wells Fargo & Company MN raised its stake in Century Bancorp by 52.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,396 shares of the bank’s stock valued at $422,000 after purchasing an additional 1,856 shares in the last quarter. First Trust Advisors LP purchased a new stake in Century Bancorp during the fourth quarter valued at $340,000. Finally, Boston Partners raised its stake in Century Bancorp by 3.9% during the fourth quarter. Boston Partners now owns 78,658 shares of the bank’s stock valued at $6,155,000 after purchasing an additional 2,944 shares in the last quarter. 35.41% of the stock is currently owned by 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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