Century Bancorp, Inc. Class A (CNBKA) Earning Somewhat Critical Press Coverage, Report Shows
Headlines about Century Bancorp, Inc. Class A (NASDAQ:CNBKA) have trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Century Bancorp, Inc. Class A earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.3886622078979 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Century Bancorp, Inc. Class A stock traded up $0.75 during mid-day trading on Monday, reaching $72.05. 194 shares of the company’s stock traded hands, compared to its average volume of 4,262. The company has a market cap of $396.93 million, a price-to-earnings ratio of 11.96 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.96. Century Bancorp, Inc. Class A has a 12-month low of $65.65 and a 12-month high of $89.40.
Century Bancorp, Inc. Class A (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, July 10th. The bank reported $1.62 earnings per share (EPS) for the quarter. The company had revenue of $26.92 million for the quarter. Century Bancorp, Inc. Class A had a net margin of 17.80% and a return on equity of 12.43%.
Separately, BidaskClub downgraded shares of Century Bancorp, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th.
In other Century Bancorp, Inc. Class A news, major shareholder James J. Filler purchased 393 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The shares were bought at an average price of $76.88 per share, with a total value of $30,213.84. Following the completion of the purchase, the insider now directly owns 629,188 shares in the company, valued at $48,371,973.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder James J. Filler acquired 1,242 shares of the business’s stock in a transaction on Friday, August 31st. The shares were purchased at an average price of $71.99 per share, for a total transaction of $89,411.58. Following the transaction, the insider now directly owns 636,997 shares of the company’s stock, valued at $45,857,414.03. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 11,279 shares of company stock worth $847,770. 36.91% of the stock is owned by insiders.
About Century Bancorp, Inc. Class A
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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