Insider Buying: Century Bancorp Inc. (CNBKA) Major Shareholder Purchases $27,784.74 in Stock
Century Bancorp Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 622 shares of the company’s stock in a transaction on Monday, September 12th. The shares were acquired at an average cost of $44.67 per share, for a total transaction of $27,784.74. Following the completion of the acquisition, the insider now directly owns 530,663 shares of the company’s stock, valued at approximately $23,704,716.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Century Bancorp Inc. (NASDAQ:CNBKA) opened at 45.24 on Monday. The firm has a market cap of $251.85 million, a PE ratio of 10.64 and a beta of 0.74. Century Bancorp Inc. has a 12-month low of $38.26 and a 12-month high of $45.45. The company has a 50 day moving average of $44.03 and a 200-day moving average of $41.98.
Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, July 12th. The company reported $1.12 EPS for the quarter. Century Bancorp had a return on equity of 10.84% and a net margin of 21.57%. Equities research analysts forecast that Century Bancorp Inc. will post $2.31 EPS for the current fiscal year.
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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