Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,102 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average cost of $89.82 per share, with a total value of $98,981.64. Following the completion of the purchase, the insider now owns 691,161 shares in the company, valued at approximately $62,080,081.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
NASDAQ CNBKA traded up $1.29 during mid-day trading on Wednesday, hitting $85.13. The stock had a trading volume of 16,283 shares, compared to its average volume of 7,909. Century Bancorp, Inc. has a 52-week low of $65.15 and a 52-week high of $95.70. The firm has a market cap of $475.70 million, a P/E ratio of 12.55 and a beta of 0.93. The stock has a 50 day moving average price of $89.23. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.95.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, April 9th. The bank reported $1.69 earnings per share for the quarter. Century Bancorp had a return on equity of 12.92% and a net margin of 23.53%. The firm had revenue of $27.87 million during the quarter.
Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in shares of Century Bancorp by 11.7% during the first quarter. Acadian Asset Management LLC now owns 5,290 shares of the bank’s stock worth $386,000 after purchasing an additional 556 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Century Bancorp by 10.2% during the first quarter. Janney Montgomery Scott LLC now owns 5,847 shares of the bank’s stock worth $427,000 after purchasing an additional 541 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Century Bancorp during the first quarter worth $130,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Century Bancorp by 552.2% during the first quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock worth $44,000 after purchasing an additional 508 shares during the last quarter. Finally, Clean Yield Group boosted its holdings in shares of Century Bancorp by 1.2% during the first quarter. Clean Yield Group now owns 113,193 shares of the bank’s stock worth $8,263,000 after purchasing an additional 1,319 shares during the last quarter. Institutional investors and hedge funds own 33.94% of the company’s stock.
Separately, BidaskClub raised Century Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd.
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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