James J. Filler Acquires 400 Shares of Century Bancorp, Inc. (CNBKA) Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 400 shares of Century Bancorp stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average cost of $83.90 per share, with a total value of $33,560.00. Following the acquisition, the insider now directly owns 597,919 shares in the company, valued at approximately $50,165,404.10. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) traded down $2.05 during trading on Friday, reaching $81.45. 5,621 shares of the company’s stock traded hands, compared to its average volume of 6,956. Century Bancorp, Inc. has a twelve month low of $53.35 and a twelve month high of $89.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a market cap of $464.84, a PE ratio of 15.75 and a beta of 0.74.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.47%. The business had revenue of $25.30 million during the quarter.
Separately, ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Large investors have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Century Bancorp by 60.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,593 shares of the bank’s stock valued at $848,000 after purchasing an additional 4,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Century Bancorp by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after purchasing an additional 12,596 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Century Bancorp by 107.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 11,413 shares of the bank’s stock valued at $915,000 after purchasing an additional 5,913 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,244 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its holdings in shares of Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock valued at $409,000 after purchasing an additional 1,057 shares during the last quarter. Institutional investors own 36.50% of the company’s stock.
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Century Bancorp Company Profile
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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