Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Buys 500 Shares of Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 500 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was purchased at an average cost of $80.86 per share, for a total transaction of $40,430.00. Following the acquisition, the insider now owns 608,829 shares in the company, valued at $49,229,912.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) opened at $77.60 on Thursday. The firm has a market cap of $431.72, a PE ratio of 14.05 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40.
Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share for the quarter. The firm had revenue of $26.11 million for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%.
A number of equities research analysts have issued reports on CNBKA shares. BidaskClub lowered shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. ValuEngine lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Century Bancorp by 54.2% during the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Century Bancorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after buying an additional 3,642 shares during the last quarter. ZPR Investment Management raised its holdings in Century Bancorp by 2.7% in the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after buying an additional 125 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in Century Bancorp by 26.1% in the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,057 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Century Bancorp in the third quarter worth about $451,000. 36.54% of the stock is currently owned by institutional investors and hedge funds.
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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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