Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 300 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were acquired at an average price of $81.66 per share, with a total value of $24,498.00. Following the purchase, the insider now owns 651,899 shares in the company, valued at $53,234,072.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp stock traded up $0.24 during trading hours on Monday, hitting $81.99. The stock had a trading volume of 1,600 shares, compared to its average volume of 5,427. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.42. The stock has a market cap of $455.10 million, a price-to-earnings ratio of 13.10 and a beta of 0.51. Century Bancorp, Inc. has a fifty-two week low of $70.55 and a fifty-two week high of $85.75.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, October 9th. The bank reported $1.72 EPS for the quarter. The firm had revenue of $27.37 million during the quarter. Century Bancorp had a return on equity of 12.72% and a net margin of 18.08%.
Several brokerages recently weighed in on CNBKA. ValuEngine upgraded Century Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. BidaskClub upgraded Century Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th.
A number of institutional investors have recently bought and sold shares of the business. Maltese Capital Management LLC raised its holdings in Century Bancorp by 40.6% in the 3rd quarter. Maltese Capital Management LLC now owns 84,332 shares of the bank’s stock valued at $6,093,000 after acquiring an additional 24,332 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Century Bancorp by 4.4% in the 3rd quarter. Renaissance Technologies LLC now owns 134,000 shares of the bank’s stock valued at $9,682,000 after acquiring an additional 5,600 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Century Bancorp by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 166,966 shares of the bank’s stock valued at $12,063,000 after acquiring an additional 9,036 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Century Bancorp by 5.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 25,610 shares of the bank’s stock valued at $1,850,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Heartland Advisors Inc. raised its holdings in Century Bancorp by 9.9% in the 3rd quarter. Heartland Advisors Inc. now owns 76,900 shares of the bank’s stock valued at $5,556,000 after acquiring an additional 6,900 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.
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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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