Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $43,482.33 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 603 shares of the business’s stock in a transaction that occurred on Friday, January 4th. The shares were purchased at an average price of $72.11 per share, for a total transaction of $43,482.33. Following the completion of the purchase, the insider now directly owns 660,291 shares of the company’s stock, valued at approximately $47,613,584.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
CNBKA stock opened at $72.83 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.60 and a current ratio of 0.60. Century Bancorp, Inc. has a fifty-two week low of $65.15 and a fifty-two week high of $84.49. The company has a market cap of $407.45 million, a P/E ratio of 11.73 and a beta of 0.77.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share for the quarter. Century Bancorp had a net margin of 18.08% and a return on equity of 12.72%. The firm had revenue of $27.37 million for the quarter.
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Century Bancorp by 5.7% in the third quarter. Dimensional Fund Advisors LP now owns 166,966 shares of the bank’s stock valued at $12,063,000 after purchasing an additional 9,036 shares during the last quarter. BlackRock Inc. increased its stake in Century Bancorp by 2.2% in the second quarter. BlackRock Inc. now owns 149,471 shares of the bank’s stock valued at $11,420,000 after purchasing an additional 3,208 shares during the last quarter. Renaissance Technologies LLC increased its stake in Century Bancorp by 4.4% in the third quarter. Renaissance Technologies LLC now owns 134,000 shares of the bank’s stock valued at $9,682,000 after purchasing an additional 5,600 shares during the last quarter. Clean Yield Group increased its stake in Century Bancorp by 2.3% in the third quarter. Clean Yield Group now owns 107,654 shares of the bank’s stock valued at $7,778,000 after purchasing an additional 2,387 shares during the last quarter. Finally, Maltese Capital Management LLC increased its stake in Century Bancorp by 40.6% in the third quarter. Maltese Capital Management LLC now owns 84,332 shares of the bank’s stock valued at $6,093,000 after purchasing an additional 24,332 shares during the last quarter. Institutional investors own 35.65% of the company’s stock.
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Century Bancorp Company Profile
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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