Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $134,596.00 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,748 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were bought at an average cost of $77.00 per share, with a total value of $134,596.00. Following the transaction, the insider now directly owns 603,847 shares of the company’s stock, valued at $46,496,219. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (NASDAQ CNBKA) opened at $77.00 on Tuesday. Century Bancorp, Inc. has a 1-year low of $53.35 and a 1-year high of $89.40. The company has a market capitalization of $358.94, a P/E ratio of 20.16 and a beta of 0.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

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

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Century Bancorp by 10.4% during the third quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock worth $10,680,000 after buying an additional 12,596 shares during the last quarter. Boston Partners lifted its holdings in shares of Century Bancorp by 16.5% during the third quarter. Boston Partners now owns 75,714 shares of the bank’s stock worth $6,065,000 after buying an additional 10,700 shares during the last quarter. State Street Corp lifted its holdings in shares of Century Bancorp by 3.7% during the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock worth $3,667,000 after buying an additional 2,038 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Century Bancorp by 6.9% during the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock worth $3,237,000 after buying an additional 3,269 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Century Bancorp by 68.6% during the third quarter. Russell Investments Group Ltd. now owns 26,897 shares of the bank’s stock worth $2,154,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 36.50% of the company’s stock.

A number of brokerages have recently commented on CNBKA. ValuEngine lowered Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th.

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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.

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

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