Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 140 shares of the stock in a transaction on Monday, March 5th. The shares were purchased at an average price of $76.36 per share, for a total transaction of $10,690.40. Following the transaction, the insider now directly owns 617,166 shares in the company, valued at $47,126,795.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) traded up $1.60 during midday trading on Friday, hitting $78.25. The company had a trading volume of 4,099 shares, compared to its average volume of 6,244. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40. The company has a market capitalization of $428.94, a PE ratio of 13.96 and a beta of 0.78.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 earnings per share 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 brokerages recently commented on CNBKA. 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 “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd.
Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in shares of Century Bancorp by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock valued at $8,733,000 after purchasing an additional 15,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Century Bancorp by 10.4% during the third quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after purchasing an additional 12,596 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of Century Bancorp during the fourth quarter valued at about $866,000. Russell Investments Group Ltd. lifted its stake in shares of Century Bancorp by 68.6% in the third quarter. Russell Investments Group Ltd. now owns 26,897 shares of the bank’s stock worth $2,154,000 after acquiring an additional 10,946 shares during the period. Finally, Boston Partners lifted its stake in shares of Century Bancorp by 16.5% in the third quarter. Boston Partners now owns 75,714 shares of the bank’s stock worth $6,065,000 after acquiring an additional 10,700 shares during the period. 36.90% of the stock is currently owned by institutional investors and hedge funds.
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About Century Bancorp
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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