BidaskClub lowered shares of Century BanCorp (NASDAQ:CNBKA) from a buy rating to a hold rating in a research report report published on Friday.

Shares of Century BanCorp stock opened at $79.30 on Friday. Century BanCorp has a one year low of $53.35 and a one year high of $89.40. The firm has a market capitalization of $443.97, a P/E ratio of 13.73 and a beta of 0.74. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.47.

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Century BanCorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. Century BanCorp had a return on equity of 12.49% and a net margin of 17.71%. The business had revenue of $26.11 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%.

In other news, major shareholder James J. Filler acquired 1,574 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was purchased at an average price of $78.94 per share, for a total transaction of $124,251.56. Following the completion of the transaction, the insider now directly owns 619,853 shares in the company, valued at approximately $48,931,195.82. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James J. Filler acquired 1,642 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were purchased at an average price of $80.70 per share, with a total value of $132,509.40. Following the transaction, the insider now owns 606,890 shares of the company’s stock, valued at $48,976,023. The disclosure for this purchase can be found here. Insiders acquired a total of 16,326 shares of company stock valued at $1,292,601 in the last quarter. 36.91% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new position in shares of Century BanCorp during the fourth quarter valued at about $118,000. Wells Fargo & Company MN grew its position in Century BanCorp by 54.2% in 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. First Trust Advisors LP purchased a new position in Century BanCorp in the fourth quarter worth about $340,000. Cornerstone Capital Management Holdings LLC. grew its position in Century BanCorp by 60.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 10,593 shares of the bank’s stock worth $848,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new position in Century BanCorp in the fourth quarter worth about $866,000. Hedge funds and other institutional investors own 36.94% 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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