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.
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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