Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 140 shares of Century Bancorp stock in a transaction on Monday, March 5th. The stock was acquired at an average price of $76.36 per share, with a total value of $10,690.40. Following the purchase, the insider now directly owns 617,166 shares in the company, valued at $47,126,795.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $0.60 during midday trading on Friday, hitting $77.40. The stock had a trading volume of 16,898 shares, compared to its average volume of 6,351. The stock has a market cap of $434.23, a PE ratio of 19.35 and a beta of 0.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. Century Bancorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. The business had revenue of $26.11 million for the quarter. Century Bancorp had a return on equity of 12.08% and a net margin of 17.16%.
A number of research analysts have recently commented on CNBKA shares. ValuEngine cut Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut Century Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Century Bancorp by 0.5% in the 4th quarter. BlackRock Inc. now owns 148,544 shares of the bank’s stock worth $11,624,000 after acquiring an additional 750 shares during the last quarter. ClariVest Asset Management LLC increased its stake in Century Bancorp by 26.1% in the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after acquiring an additional 1,057 shares during the last quarter. Strs Ohio increased its stake in Century Bancorp by 13.6% in the 3rd quarter. Strs Ohio now owns 9,200 shares of the bank’s stock worth $736,000 after acquiring an additional 1,100 shares during the last quarter. Geode Capital Management LLC increased its stake in Century Bancorp by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 25,418 shares of the bank’s stock worth $1,988,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Century Bancorp by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares during the last quarter. 36.90% of the stock is currently owned by institutional investors and hedge funds.
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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.
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