Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 1,102 shares of the business’s stock in a transaction on Friday, May 24th. The shares were bought at an average price of $89.82 per share, for a total transaction of $98,981.64. Following the acquisition, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of CNBKA traded up $0.45 during trading hours on Friday, reaching $87.90. The company’s stock had a trading volume of 10,285 shares, compared to its average volume of 8,256. The company has a market cap of $489.34 million, a price-to-earnings ratio of 12.50 and a beta of 0.93. Century Bancorp, Inc. has a 1-year low of $65.15 and a 1-year high of $95.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $88.82.
Century Bancorp (NASDAQ:CNBKA) last issued 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 for the quarter. Century Bancorp had a return on equity of 12.92% and a net margin of 23.53%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. grew its holdings in shares of Century Bancorp by 9.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,525 shares of the bank’s stock worth $1,052,000 after purchasing an additional 1,300 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Century Bancorp by 43.5% during the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock worth $274,000 after purchasing an additional 1,228 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Century Bancorp by 2.3% during the fourth quarter. BlackRock Inc. now owns 153,524 shares of the bank’s stock worth $10,397,000 after purchasing an additional 3,489 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Century Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock worth $11,604,000 after purchasing an additional 4,364 shares during the last quarter. Finally, SlateStone Wealth LLC bought a new stake in shares of Century Bancorp during the fourth quarter worth $764,000. 33.94% of the stock is owned by institutional investors and hedge funds.
About Century Bancorp
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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