Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires 600 Shares of Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 600 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was bought at an average price of $80.83 per share, with a total value of $48,498.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up 1.34% on Friday, hitting $83.35. 6,241 shares of the stock were exchanged. The company has a 50 day moving average of $70.64 and a 200 day moving average of $65.20. The stock has a market capitalization of $464.01 million, a P/E ratio of 17.04 and a beta of 0.73. Century Bancorp, Inc. has a one year low of $44.55 and a one year high of $83.45.
Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings data on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. The business had revenue of $26.40 million for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. On average, equities research analysts forecast that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in Century Bancorp during the second quarter worth $209,000. The Manufacturers Life Insurance Company raised its position in Century Bancorp by 1,300.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after acquiring an additional 3,642 shares in the last quarter. ClariVest Asset Management LLC raised its position in Century Bancorp by 31.0% during the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock worth $258,000 after acquiring an additional 960 shares in the last quarter. ZPR Investment Management raised its position in Century Bancorp by 2.7% during the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after acquiring an additional 125 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after acquiring an additional 1,400 shares in the last quarter. 36.54% of the stock is currently owned by institutional investors and hedge funds.
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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