James J. Filler Buys 139 Shares of Century Bancorp, Inc. (CNBKA) Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 139 shares of Century Bancorp stock in a transaction dated Thursday, December 21st. The stock was purchased at an average cost of $83.49 per share, with a total value of $11,605.11. Following the completion of the acquisition, the insider now directly owns 597,919 shares in the company, valued at approximately $49,920,257.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (CNBKA) traded down $2.05 during trading on Friday, hitting $81.45. The stock had a trading volume of 5,621 shares, compared to its average volume of 6,956. Century Bancorp, Inc. has a fifty-two week low of $53.35 and a fifty-two week high of $89.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market cap of $464.84, a P/E ratio of 15.75 and a beta of 0.74.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The business had revenue of $25.30 million during the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%.
Separately, ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
A number of institutional investors and hedge funds have recently bought and sold shares of CNBKA. Janney Montgomery Scott LLC purchased a new stake in Century Bancorp during the 2nd quarter valued at approximately $209,000. The Manufacturers Life Insurance Company raised 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 valued at $249,000 after acquiring an additional 3,642 shares during the last quarter. Wells Fargo & Company MN raised 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 valued at $283,000 after acquiring an additional 1,244 shares during the last quarter. ZPR Investment Management raised 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 valued at $306,000 after acquiring an additional 125 shares during the last quarter. Finally, ClariVest Asset Management LLC raised 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 valued at $409,000 after acquiring an additional 1,057 shares during the last quarter. 36.50% of the stock is owned by hedge funds and other institutional investors.
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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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