Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 3,094 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $67.11 per share, for a total transaction of $207,638.34. Following the transaction, the insider now directly owns 839,776 shares in the company, valued at $56,357,367.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
CNBKA opened at $65.93 on Wednesday. Century Bancorp, Inc. has a 1 year low of $51.40 and a 1 year high of $93.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $70.92 and its 200 day simple moving average is $69.75. The firm has a market cap of $373.89 million, a price-to-earnings ratio of 9.21 and a beta of 1.03.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, July 14th. The bank reported $1.81 EPS for the quarter. Century Bancorp had a return on equity of 11.97% and a net margin of 23.35%. The business had revenue of $29.86 million during the quarter.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Century Bancorp by 3.5% during the 1st quarter. BlackRock Inc. now owns 218,324 shares of the bank’s stock worth $13,588,000 after purchasing an additional 7,408 shares during the period. Russell Investments Group Ltd. lifted its stake in Century Bancorp by 48.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 85,398 shares of the bank’s stock worth $6,633,000 after purchasing an additional 27,819 shares in the last quarter. State Street Corp raised its position in shares of Century Bancorp by 3.4% during the 1st quarter. State Street Corp now owns 58,615 shares of the bank’s stock valued at $3,648,000 after buying an additional 1,941 shares during the period. Geode Capital Management LLC raised its position in shares of Century Bancorp by 6.5% during the 1st quarter. Geode Capital Management LLC now owns 49,640 shares of the bank’s stock valued at $3,089,000 after buying an additional 3,050 shares during the period. Finally, AJO LP increased its holdings in Century Bancorp by 12.0% in the 2nd quarter. AJO LP now owns 29,813 shares of the bank’s stock valued at $2,317,000 after purchasing an additional 3,188 shares during the last quarter. Institutional investors own 33.09% of the company’s stock.
A number of brokerages have recently commented on CNBKA. TheStreet raised Century Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th. BidaskClub raised Century Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 9th.
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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