Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 1,000 shares of the company’s stock in a transaction that occurred on Saturday, December 28th. The shares were purchased at an average price of $67.03 per share, for a total transaction of $67,030.00. Following the transaction, the insider now owns 660,291 shares of the company’s stock, valued at approximately $44,259,305.73. 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 shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ CNBKA opened at $72.83 on Friday. Century Bancorp, Inc. has a 52-week low of $65.15 and a 52-week high of $84.49. The stock has a market capitalization of $407.45 million, a PE ratio of 11.73 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.42.
Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 18.08% and a return on equity of 12.72%. The business had revenue of $27.37 million for the quarter.
Several analysts recently commented on the stock. BidaskClub lowered shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 4th. ValuEngine lowered shares of Century Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in Century Bancorp by 3.1% during the second quarter. California Public Employees Retirement System now owns 24,599 shares of the bank’s stock worth $1,879,000 after acquiring an additional 747 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Century Bancorp by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 17,665 shares of the bank’s stock worth $1,350,000 after acquiring an additional 1,100 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Century Bancorp by 5.2% during the third quarter. Panagora Asset Management Inc. now owns 25,610 shares of the bank’s stock worth $1,850,000 after acquiring an additional 1,255 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Century Bancorp by 3.3% during the second quarter. Russell Investments Group Ltd. now owns 45,681 shares of the bank’s stock worth $3,491,000 after acquiring an additional 1,443 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Century Bancorp by 42.0% during the third quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock worth $393,000 after acquiring an additional 1,611 shares during the last quarter. Institutional investors and hedge funds own 35.65% of the company’s stock.
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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