Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires 875 Shares of Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 875 shares of Century Bancorp stock in a transaction on Tuesday, January 2nd. The shares were purchased at an average price of $77.35 per share, for a total transaction of $67,681.25. Following the completion of the acquisition, the insider now directly owns 603,847 shares in the company, valued at $46,707,565.45. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (CNBKA) opened at $77.95 on Wednesday. Century Bancorp, Inc. has a fifty-two week low of $53.35 and a fifty-two week high of $89.40. The stock has a market capitalization of $363.10, a price-to-earnings ratio of 20.41 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61.
Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%. The business had revenue of $25.30 million for the quarter.
Several large investors have recently made changes to their positions in CNBKA. Wells Fargo & Company MN grew its stake in Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after buying an additional 1,244 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after buying an additional 3,642 shares during the last quarter. ZPR Investment Management grew its stake in Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after buying an additional 125 shares during the last quarter. ClariVest Asset Management LLC grew its stake in Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,057 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Century Bancorp during the 3rd quarter worth $451,000. Institutional investors and hedge funds own 36.50% of the company’s stock.
A number of research analysts have recently issued reports on CNBKA shares. BidaskClub downgraded Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
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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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