Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 500 shares of Century Bancorp stock in a transaction on Tuesday, September 8th. The shares were purchased at an average price of $67.99 per share, with a total value of $33,995.00. Following the completion of the purchase, the insider now owns 839,776 shares in the company, valued at approximately $57,096,370.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of CNBKA stock traded down $0.07 during trading hours on Wednesday, reaching $65.93. The company had a trading volume of 3 shares, compared to its average volume of 6,605. The business has a fifty day moving average price of $70.92 and a 200-day moving average price of $69.75. Century Bancorp, Inc. has a one year low of $51.40 and a one year high of $93.49. The firm has a market cap of $373.89 million, a PE ratio of 9.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 0.57.
Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, July 14th. The bank reported $1.81 EPS for the quarter. Century Bancorp had a net margin of 23.35% and a return on equity of 11.97%. The firm had revenue of $29.86 million during the quarter.
A number of research firms have weighed in on CNBKA. BidaskClub upgraded shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 9th. TheStreet upgraded shares of Century Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, June 16th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Century Bancorp by 35.3% during the second quarter. Bank of Montreal Can now owns 782 shares of the bank’s stock valued at $54,000 after buying an additional 204 shares during the period. BNP Paribas Arbitrage SA grew its position in Century Bancorp by 36.2% during the first quarter. BNP Paribas Arbitrage SA now owns 876 shares of the bank’s stock valued at $55,000 after buying an additional 233 shares during the period. Captrust Financial Advisors bought a new stake in Century Bancorp during the second quarter valued at approximately $74,000. Capital Bank & Trust Co bought a new stake in Century Bancorp during the first quarter valued at approximately $64,000. Finally, Citigroup Inc. grew its position in Century Bancorp by 58.2% during the first quarter. Citigroup Inc. now owns 1,413 shares of the bank’s stock valued at $88,000 after buying an additional 520 shares during the period. Institutional investors own 33.09% of the company’s stock.
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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