New England Research & Management Inc. boosted its position in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,249 shares of the bank’s stock after buying an additional 400 shares during the period. New England Research & Management Inc. owned 0.09% of Century Bancorp worth $472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new position in Century Bancorp during the third quarter worth approximately $26,000. Rhumbline Advisers increased its holdings in shares of Century Bancorp by 7.8% in the third quarter. Rhumbline Advisers now owns 4,330 shares of the bank’s stock valued at $379,000 after purchasing an additional 313 shares during the period. Parametric Portfolio Associates LLC increased 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 valued at $979,000 after purchasing an additional 705 shares during the period. Bank of Montreal Can acquired a new position in shares of Century Bancorp in the second quarter valued at approximately $68,000. Finally, Metropolitan Life Insurance Co NY acquired a new position in shares of Century Bancorp in the third quarter valued at approximately $91,000. 33.90% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CNBKA traded down $0.30 during trading on Tuesday, reaching $90.00. The company had a trading volume of 14,400 shares, compared to its average volume of 12,711. The firm has a market capitalization of $506.65 million, a price-to-earnings ratio of 13.04 and a beta of 0.82. 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 stock’s fifty day moving average price is $88.84 and its 200 day moving average price is $86.35. Century Bancorp, Inc. has a fifty-two week low of $70.20 and a fifty-two week high of $95.70.

A number of research analysts have recently issued reports on CNBKA shares. ValuEngine lowered Century Bancorp from a “hold” rating to a “sell” rating in a report on Friday, December 13th. BidaskClub raised Century Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th.

In other Century Bancorp news, major shareholder James J. Filler purchased 353 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average cost of $87.70 per share, for a total transaction of $30,958.10. Following the completion of the purchase, the insider now directly owns 727,254 shares in the company, valued at $63,780,175.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder James J. Filler purchased 1,392 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $86.01 per share, for a total transaction of $119,725.92. Following the completion of the purchase, the insider now owns 731,818 shares of the company’s stock, valued at $62,943,666.18. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 6,645 shares of company stock worth $583,499. Company insiders own 36.91% of the company’s stock.

About Century Bancorp

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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Institutional Ownership by Quarter for Century Bancorp (NASDAQ:CNBKA)

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