Century BanCorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 499 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was purchased at an average cost of $77.59 per share, with a total value of $38,717.41. Following the completion of the transaction, the insider now directly owns 618,363 shares of the company’s stock, valued at $47,978,785.17. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of NASDAQ:CNBKA traded up $0.15 during trading on Tuesday, reaching $79.45. The company’s stock had a trading volume of 2,217 shares, compared to its average volume of 6,681. The company has a market cap of $443.97, a price-to-earnings ratio of 13.73 and a beta of 0.74. Century BanCorp, Inc. has a 12 month low of $53.35 and a 12 month high of $89.40. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.47.
Century BanCorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. The business had revenue of $26.11 million for the quarter. Century BanCorp had a net margin of 17.71% and a return on equity of 12.49%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNBKA. Renaissance Technologies LLC lifted its stake in shares of Century BanCorp by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock worth $8,733,000 after buying an additional 15,100 shares during the period. SG Americas Securities LLC acquired a new position in Century BanCorp during the third quarter valued at $451,000. Boston Partners lifted its position in Century BanCorp by 3.9% during the fourth quarter. Boston Partners now owns 78,658 shares of the bank’s stock valued at $6,155,000 after purchasing an additional 2,944 shares during the period. AXA lifted its position in Century BanCorp by 26.9% during the fourth quarter. AXA now owns 16,624 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 3,524 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Century BanCorp by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 36,100 shares of the bank’s stock valued at $2,825,000 after purchasing an additional 3,637 shares during the period. 36.94% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub cut Century BanCorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th.
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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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