Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 186 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were acquired at an average price of $79.88 per share, for a total transaction of $14,857.68. Following the completion of the transaction, the insider now directly owns 605,743 shares in the company, valued at $48,386,750.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $1.00 during trading hours on Tuesday, hitting $77.15. 2,947 shares of the company’s stock traded hands, compared to its average volume of 6,342. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $362.82, a P/E ratio of 26.40 and a beta of 0.75. Century Bancorp, Inc. has a fifty-two week low of $53.35 and a fifty-two week high of $89.40.
Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. The firm had revenue of $26.11 million during the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Century Bancorp by 0.5% in the fourth quarter. BlackRock Inc. now owns 148,544 shares of the bank’s stock valued at $11,624,000 after buying an additional 750 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Century Bancorp by 10.4% in the third quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after buying an additional 12,596 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Century Bancorp by 15.6% in the fourth quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock valued at $8,733,000 after buying an additional 15,100 shares during the last quarter. Boston Partners raised its holdings in shares of Century Bancorp by 3.9% in the fourth quarter. Boston Partners now owns 78,658 shares of the bank’s stock valued at $6,155,000 after buying an additional 2,944 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Century Bancorp by 3.7% in the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock valued at $3,667,000 after buying an additional 2,038 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.
Several research analysts have recently weighed in on CNBKA shares. BidaskClub cut Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. ValuEngine lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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Century Bancorp Company Profile
Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.
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