Century Bancorp (NASDAQ:CNBKA) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday, January 10th.
Separately, ValuEngine lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Shares of Century Bancorp (NASDAQ:CNBKA) opened at $80.15 on Wednesday. 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 has a 52-week low of $53.35 and a 52-week high of $89.40. The firm has a market cap of $449.26, a P/E ratio of 15.50 and a beta of 0.75.
A number of institutional investors and hedge funds have recently made changes to their positions in CNBKA. Northern Trust Corp boosted its position in shares of Century Bancorp by 6.9% in the 2nd 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 in the last quarter. Boston Partners lifted its holdings in Century Bancorp by 16.5% in the 3rd quarter. Boston Partners now owns 75,714 shares of the bank’s stock valued at $6,065,000 after purchasing an additional 10,700 shares in the last quarter. SG Americas Securities LLC purchased a new position in Century Bancorp in the 3rd quarter valued at about $451,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in Century Bancorp by 27.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock valued at $419,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Century Bancorp during the 3rd quarter worth about $649,000. 36.50% of the stock is currently owned by institutional investors.
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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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