Separately, ValuEngine lowered shares of Century Bancorp from a hold rating to a sell rating in a research note on Thursday, August 1st.
Century Bancorp stock opened at $89.41 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.59 and a current ratio of 0.59. Century Bancorp has a 52-week low of $65.15 and a 52-week high of $95.70. The firm has a 50 day moving average price of $82.34 and a two-hundred day moving average price of $84.20. The firm has a market cap of $502.70 million, a price-to-earnings ratio of 13.11 and a beta of 0.86.
In related news, major shareholder James J. Filler acquired 300 shares of the stock in a transaction dated Thursday, June 27th. The stock was bought at an average price of $86.55 per share, for a total transaction of $25,965.00. Following the purchase, the insider now directly owns 699,211 shares of the company’s stock, valued at approximately $60,516,712.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder James J. Filler acquired 4,009 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $82.61 per share, with a total value of $331,183.49. Following the purchase, the insider now directly owns 708,591 shares in the company, valued at $58,536,702.51. The disclosure for this purchase can be found here. Insiders bought a total of 25,853 shares of company stock valued at $2,134,689 in the last quarter. 36.91% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Century Bancorp by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock valued at $11,604,000 after purchasing an additional 4,364 shares in the last quarter. Heartland Advisors Inc. increased its stake in Century Bancorp by 0.4% during the 2nd quarter. Heartland Advisors Inc. now owns 81,220 shares of the bank’s stock valued at $7,139,000 after purchasing an additional 320 shares in the last quarter. Swiss National Bank bought a new stake in Century Bancorp during the 2nd quarter valued at $475,000. Panagora Asset Management Inc. increased its stake in Century Bancorp by 3.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 31,410 shares of the bank’s stock valued at $2,761,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Century Bancorp by 45.0% during the 2nd quarter. Acadian Asset Management LLC now owns 7,670 shares of the bank’s stock valued at $672,000 after purchasing an additional 2,380 shares in the last quarter. Institutional investors own 33.73% of the company’s stock.
About Century Bancorp
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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