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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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