Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,618 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of $72.40 per share, with a total value of $117,143.20. Following the transaction, the insider now directly owns 817,258 shares in the company, valued at approximately $59,169,479.20. The acquisition was disclosed in a document filed 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 sales and purchases with the SEC.
NASDAQ CNBKA opened at $75.41 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50-day simple moving average of $72.77 and a 200-day simple moving average of $76.02. The firm has a market capitalization of $393.86 million, a PE ratio of 10.50 and a beta of 1.08. Century Bancorp, Inc. has a one year low of $51.40 and a one year high of $93.49.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, April 14th. The bank reported $1.74 earnings per share (EPS) for the quarter. The firm had revenue of $29.51 million during the quarter. Century Bancorp had a net margin of 22.42% and a return on equity of 12.10%.
A number of institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Century Bancorp by 3.4% in the 1st quarter. State Street Corp now owns 58,615 shares of the bank’s stock worth $3,648,000 after acquiring an additional 1,941 shares during the period. New England Research & Management Inc. lifted its stake in shares of Century Bancorp by 48.2% in the 1st quarter. New England Research & Management Inc. now owns 7,781 shares of the bank’s stock worth $484,000 after acquiring an additional 2,532 shares during the period. Capital Bank & Trust Co acquired a new stake in shares of Century Bancorp in the 1st quarter worth approximately $64,000. Invesco Ltd. raised its holdings in shares of Century Bancorp by 47.8% in the 1st quarter. Invesco Ltd. now owns 14,546 shares of the bank’s stock worth $906,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Century Bancorp by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 49,640 shares of the bank’s stock worth $3,089,000 after purchasing an additional 3,050 shares in the last quarter. 33.07% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on CNBKA shares. BidaskClub lowered shares of Century Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. TheStreet raised shares of Century Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, June 16th. Finally, ValuEngine lowered shares of Century Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 25th.
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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