Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 300 shares of the company’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $87.00 per share, with a total value of $26,100.00. Following the completion of the acquisition, the insider now directly owns 729,355 shares in the company, valued at approximately $63,453,885. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
NASDAQ:CNBKA opened at $87.03 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $87.17 and a two-hundred day moving average price of $86.59. Century Bancorp, Inc. has a twelve month low of $65.15 and a twelve month high of $95.70. The company has a market capitalization of $484.33 million, a P/E ratio of 12.46 and a beta of 0.83.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, October 8th. The bank reported $1.81 earnings per share for the quarter. Century Bancorp had a net margin of 22.36% and a return on equity of 12.37%. The firm had revenue of $28.06 million during the quarter.
Several research firms have weighed in on CNBKA. BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. ValuEngine upgraded shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Heartland Advisors Inc. grew its holdings in shares of Century Bancorp by 0.4% during the second quarter. Heartland Advisors Inc. now owns 81,220 shares of the bank’s stock worth $7,139,000 after buying an additional 320 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Century Bancorp by 16.8% during the second quarter. JPMorgan Chase & Co. now owns 14,114 shares of the bank’s stock worth $1,235,000 after buying an additional 2,032 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Century Bancorp by 6.8% during the second quarter. Renaissance Technologies LLC now owns 131,001 shares of the bank’s stock worth $11,515,000 after buying an additional 8,301 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Century Bancorp by 4.6% during the second quarter. Bank of America Corp DE now owns 29,456 shares of the bank’s stock worth $2,589,000 after buying an additional 1,286 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Century Bancorp during the third quarter worth about $255,000. Institutional investors and hedge funds own 34.08% of the company’s stock.
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.
Featured Article: What are convertible shares?
Receive News & Ratings for Century Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.