Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $81.20 per share, for a total transaction of $40,600.00. Following the completion of the purchase, the insider now owns 716,510 shares in the company, valued at $58,180,612. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp stock traded up $1.32 during trading hours on Friday, hitting $81.50. 12,800 shares of the stock traded hands, compared to its average volume of 8,783. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.59 and a quick ratio of 0.58. The firm’s 50 day moving average price is $84.90 and its 200-day moving average price is $83.57. The stock has a market capitalization of $448.26 million, a price-to-earnings ratio of 11.69 and a beta of 0.84. Century Bancorp, Inc. has a 1 year low of $65.15 and a 1 year high of $95.70.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, July 9th. The bank reported $1.70 earnings per share for the quarter. The business had revenue of $28.25 million for the quarter. Century Bancorp had a return on equity of 12.63% and a net margin of 22.75%.
A number of institutional investors have recently bought and sold shares of CNBKA. Heartland Advisors Inc. boosted its stake in shares of Century Bancorp by 0.4% in the second quarter. Heartland Advisors Inc. now owns 81,220 shares of the bank’s stock worth $7,139,000 after buying an additional 320 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Century Bancorp by 2.9% in the first quarter. Oppenheimer & Co. Inc. now owns 15,975 shares of the bank’s stock worth $1,166,000 after buying an additional 450 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Century Bancorp by 552.2% in the first quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock worth $44,000 after buying an additional 508 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Century Bancorp by 10.2% in the first quarter. Janney Montgomery Scott LLC now owns 5,847 shares of the bank’s stock worth $427,000 after buying an additional 541 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Century Bancorp by 11.7% in the first quarter. Acadian Asset Management LLC now owns 5,290 shares of the bank’s stock worth $386,000 after buying an additional 556 shares during the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.
Several research analysts recently weighed in on CNBKA shares. BidaskClub upgraded Century Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. ValuEngine downgraded Century Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
About Century Bancorp
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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