Century Bancorp (CNBKA) Rating Increased to Buy at BidaskClub
Century Bancorp stock opened at $91.05 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.79. The stock has a market cap of $506.88 million, a PE ratio of 12.85 and a beta of 0.85. Century Bancorp has a 1-year low of $65.15 and a 1-year high of $95.40.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share for the quarter. The company had revenue of $27.87 million during the quarter. Century Bancorp had a net margin of 23.53% and a return on equity of 13.15%.
In related news, major shareholder James J. Filler acquired 400 shares of the stock in a transaction on Thursday, February 21st. The stock was acquired at an average cost of $76.28 per share, for a total transaction of $30,512.00. Following the completion of the acquisition, the insider now directly owns 678,730 shares of the company’s stock, valued at approximately $51,773,524.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder James J. Filler acquired 638 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $72.35 per share, with a total value of $46,159.30. Following the completion of the acquisition, the insider now directly owns 687,825 shares of the company’s stock, valued at $49,764,138.75. The disclosure for this purchase can be found here. Insiders acquired 16,256 shares of company stock valued at $1,223,033 over the last 90 days. 36.91% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in CNBKA. Maltese Capital Management LLC lifted its holdings in shares of Century Bancorp by 40.6% during 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. SlateStone Wealth LLC purchased a new position in shares of Century Bancorp during the fourth quarter valued at approximately $764,000. Dimensional Fund Advisors LP lifted its holdings in shares of Century Bancorp by 5.7% during 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. Renaissance Technologies LLC lifted its holdings in shares of Century Bancorp by 4.4% during 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. Finally, Clean Yield Group lifted its holdings in shares of Century Bancorp by 3.9% during the fourth quarter. Clean Yield Group now owns 111,874 shares of the bank’s stock valued at $7,577,000 after purchasing an additional 4,220 shares during the last quarter. Hedge funds and other institutional investors own 34.99% of the company’s stock.
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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