Insider Buying: Century Bancorp Inc. (CNBKA) Major Shareholder Acquires $22,425.00 in Stock
Century Bancorp Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 500 shares of Century Bancorp stock in a transaction on Wednesday, September 14th. The shares were purchased at an average cost of $44.85 per share, with a total value of $22,425.00. Following the completion of the purchase, the insider now directly owns 531,163 shares of the company’s stock, valued at approximately $23,822,660.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Century Bancorp Inc. (NASDAQ:CNBKA) opened at 45.335 on Tuesday. The firm’s 50-day moving average is $44.17 and its 200-day moving average is $42.15. Century Bancorp Inc. has a 1-year low of $38.26 and a 1-year high of $45.45. The stock has a market capitalization of $252.38 million, a price-to-earnings ratio of 10.667 and a beta of 0.74.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, July 12th. The company reported $1.12 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 10.84% and a net margin of 21.57%. On average, analysts predict that Century Bancorp Inc. will post $2.31 earnings per share for the current fiscal year.
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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