Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 200 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $81.30 per share, with a total value of $16,260.00. Following the transaction, the insider now directly owns 716,510 shares of the company’s stock, valued at $58,252,263. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
CNBKA traded up $1.32 on Friday, hitting $81.50. 12,822 shares of the stock were exchanged, compared to its average volume of 8,405. Century Bancorp, Inc. has a 12 month low of $65.15 and a 12 month high of $95.70. The business has a 50-day moving average of $84.90 and a two-hundred day moving average of $83.57. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.59 and a quick ratio of 0.58. The firm has a market capitalization of $457.50 million, a price-to-earnings ratio of 11.93 and a beta of 0.84.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, July 9th. The bank reported $1.70 EPS for the quarter. The firm had revenue of $28.25 million during the quarter. Century Bancorp had a net margin of 22.75% and a return on equity of 12.63%.
Several equities research analysts recently weighed in on the stock. ValuEngine cut shares of Century Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub raised shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.
Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Century Bancorp by 4.6% in the second quarter. Bank of America Corp DE now owns 29,456 shares of the bank’s stock worth $2,589,000 after acquiring an additional 1,286 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Century Bancorp by 17.9% in the second quarter. BlackRock Inc. now owns 173,280 shares of the bank’s stock worth $15,232,000 after acquiring an additional 26,342 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Century Bancorp by 6.8% in the second quarter. Parametric Portfolio Associates LLC now owns 11,135 shares of the bank’s stock worth $979,000 after acquiring an additional 705 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Century Bancorp by 3.0% in the second quarter. Northern Trust Corp now owns 50,321 shares of the bank’s stock worth $4,423,000 after acquiring an additional 1,485 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Century Bancorp by 6.8% in the second quarter. Renaissance Technologies LLC now owns 131,001 shares of the bank’s stock worth $11,515,000 after acquiring an additional 8,301 shares during the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.
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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