Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 300 shares of Century Bancorp stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $87.00 per share, for a total transaction of $26,100.00. Following the completion of the acquisition, the insider now owns 729,355 shares in the company, valued at $63,453,885. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
NASDAQ:CNBKA traded up $0.03 during mid-day trading on Monday, hitting $87.03. 2,160 shares of the stock traded hands, compared to its average volume of 7,785. The stock has a market capitalization of $483.88 million, a price-to-earnings ratio of 12.45 and a beta of 0.83. Century Bancorp, Inc. has a 52 week low of $65.15 and a 52 week high of $95.70. The firm’s 50 day moving average is $87.22 and its two-hundred day moving average is $86.66. The company has a quick ratio of 0.59, a current ratio of 0.58 and a debt-to-equity ratio of 0.75.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 8th. The bank reported $1.81 EPS for the quarter. The company had revenue of $28.06 million for the quarter. Century Bancorp had a net margin of 22.36% and a return on equity of 12.37%.
A number of research firms have recently weighed in on CNBKA. ValuEngine upgraded shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th. BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.
Large investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new position in Century Bancorp during the 3rd quarter valued at about $26,000. Bank of Montreal Can bought a new position in Century Bancorp during the 2nd quarter valued at about $68,000. Bessemer Group Inc. bought a new position in Century Bancorp during the 2nd quarter valued at about $105,000. First Trust Advisors LP bought a new position in Century Bancorp during the 2nd quarter valued at about $227,000. Finally, Chicago Equity Partners LLC bought a new position in Century Bancorp during the 3rd quarter valued at about $255,000. Institutional investors own 34.08% of the company’s stock.
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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