Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 601 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was bought at an average price of $80.38 per share, with a total value of $48,308.38. Following the completion of the acquisition, the insider now directly owns 641,190 shares of the company’s stock, valued at $51,538,852.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
NASDAQ CNBKA opened at $73.97 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.61 and a quick ratio of 0.61. Century Bancorp, Inc. has a twelve month low of $70.55 and a twelve month high of $89.40. The firm has a market capitalization of $410.73 million, a P/E ratio of 11.82 and a beta of 0.60.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share for the quarter. Century Bancorp had a return on equity of 12.94% and a net margin of 18.08%. The firm had revenue of $27.37 million during the quarter.
A number of institutional investors have recently modified their holdings of CNBKA. Dimensional Fund Advisors LP grew its holdings in Century Bancorp by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 150,604 shares of the bank’s stock worth $11,958,000 after acquiring an additional 8,278 shares during the period. Millennium Management LLC acquired a new stake in Century Bancorp during the 2nd quarter worth about $627,000. Renaissance Technologies LLC grew its holdings in Century Bancorp by 6.2% during the 2nd quarter. Renaissance Technologies LLC now owns 128,400 shares of the bank’s stock worth $9,810,000 after acquiring an additional 7,500 shares during the period. Delphi Management Inc. MA grew its holdings in Century Bancorp by 240.3% during the 2nd quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock worth $740,000 after acquiring an additional 6,756 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Century Bancorp by 40.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 16,565 shares of the bank’s stock worth $1,316,000 after acquiring an additional 4,729 shares during the period. Hedge funds and other institutional investors own 35.93% of the company’s stock.
A number of research firms recently weighed in on CNBKA. ValuEngine upgraded Century Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. BidaskClub upgraded Century Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th.
Century Bancorp Company Profile
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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