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.
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.
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