James J. Filler Acquires 603 Shares of Century Bancorp, Inc. (CNBKA) Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 603 shares of the firm’s stock in a transaction that occurred on Friday, January 4th. The shares were bought at an average cost of $72.11 per share, with a total value of $43,482.33. Following the completion of the acquisition, the insider now owns 660,291 shares of the company’s stock, valued at $47,613,584.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ CNBKA opened at $72.83 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.60 and a quick ratio of 0.60. Century Bancorp, Inc. has a 1-year low of $65.15 and a 1-year high of $84.49. The firm has a market cap of $407.45 million, a P/E ratio of 11.73 and a beta of 0.77.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share for the quarter. Century Bancorp had a return on equity of 12.72% and a net margin of 18.08%. The firm had revenue of $27.37 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of CNBKA. Janney Montgomery Scott LLC lifted its holdings in Century Bancorp by 42.0% in the third quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock valued at $393,000 after acquiring an additional 1,611 shares during the period. Millennium Management LLC acquired a new stake in Century Bancorp in the second quarter valued at $627,000. Delphi Management Inc. MA lifted its holdings in Century Bancorp by 240.3% in the second quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock valued at $740,000 after acquiring an additional 6,756 shares during the period. Wells Fargo & Company MN lifted its holdings in Century Bancorp by 25.9% in the third quarter. Wells Fargo & Company MN now owns 12,551 shares of the bank’s stock valued at $906,000 after acquiring an additional 2,583 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Century Bancorp by 34.2% in the third quarter. Oppenheimer & Co. Inc. now owns 14,225 shares of the bank’s stock valued at $1,028,000 after acquiring an additional 3,625 shares during the period. 35.65% of the stock is owned by hedge funds and other institutional investors.

CNBKA has been the subject of several recent research reports. BidaskClub raised Century Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine downgraded Century Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

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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.

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