Century Bancorp, Inc. (NASDAQ:CNBKA) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 11,000 shares, a decline of 23.6% from the December 15th total of 14,400 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is presently 1.6 days.

Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Century Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. BidaskClub upgraded shares of Century Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th.

In other news, major shareholder James J. Filler acquired 1,392 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average cost of $86.01 per share, for a total transaction of $119,725.92. Following the acquisition, the insider now owns 731,818 shares in the company, valued at approximately $62,943,666.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James J. Filler bought 598 shares of the stock in a transaction dated Wednesday, October 16th. The shares were bought at an average price of $86.89 per share, for a total transaction of $51,960.22. Following the completion of the acquisition, the insider now owns 725,441 shares in the company, valued at $63,033,568.49. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,587 shares of company stock worth $574,455. 36.91% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of CNBKA. Metropolitan Life Insurance Co NY acquired a new position in shares of Century Bancorp during the third quarter worth approximately $91,000. State Street Corp increased its stake in shares of Century Bancorp by 4.3% in the third quarter. State Street Corp now owns 55,385 shares of the bank’s stock valued at $4,852,000 after buying an additional 2,283 shares during the period. New World Advisors LLC acquired a new position in shares of Century Bancorp in the third quarter valued at approximately $443,000. California Public Employees Retirement System increased its stake in shares of Century Bancorp by 4.7% in the third quarter. California Public Employees Retirement System now owns 23,870 shares of the bank’s stock valued at $2,091,000 after buying an additional 1,071 shares during the period. Finally, Chicago Equity Partners LLC bought a new stake in Century Bancorp in the third quarter valued at approximately $255,000. 33.90% of the stock is owned by institutional investors and hedge funds.

NASDAQ CNBKA opened at $91.75 on Tuesday. Century Bancorp has a 12 month low of $70.20 and a 12 month high of $95.70. The company’s 50 day simple moving average is $88.84 and its 200 day simple moving average is $86.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $506.65 million, a P/E ratio of 13.04 and a beta of 0.82.

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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