Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Acquires 139 Shares of Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 139 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was bought at an average cost of $83.49 per share, with a total value of $11,605.11. Following the purchase, the insider now owns 597,919 shares of the company’s stock, valued at $49,920,257.31. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $2.05 during mid-day trading on Friday, reaching $81.45. The company had a trading volume of 5,621 shares, compared to its average volume of 6,956. Century Bancorp, Inc. has a fifty-two week low of $53.35 and a fifty-two week high of $89.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $464.84, a P/E ratio of 15.75 and a beta of 0.74.

Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%. The firm had revenue of $25.30 million for the quarter.

Separately, ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

A number of institutional investors have recently added to or reduced their stakes in CNBKA. Janney Montgomery Scott LLC bought a new position in Century Bancorp in the second quarter valued at about $209,000. The Manufacturers Life Insurance Company grew its position in Century Bancorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after acquiring an additional 3,642 shares during the last quarter. Wells Fargo & Company MN grew its position in Century Bancorp by 54.2% in the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after acquiring an additional 1,244 shares during the last quarter. ZPR Investment Management grew its holdings in shares of Century Bancorp by 2.7% during the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after purchasing an additional 125 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its holdings in shares of Century Bancorp by 26.1% during the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after purchasing an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors own 36.50% of the company’s stock.

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About Century Bancorp

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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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