James J. Filler Purchases 200 Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 200 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of $92.00 per share, with a total value of $18,400.00. Following the purchase, the insider now directly owns 735,632 shares of the company’s stock, valued at $67,678,144. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ:CNBKA traded down $0.32 during mid-day trading on Thursday, reaching $90.38. 590 shares of the stock were exchanged, compared to its average volume of 8,627. The stock has a market capitalization of $501.03 million, a P/E ratio of 12.89 and a beta of 0.82. Century Bancorp, Inc. has a 1 year low of $70.20 and a 1 year high of $95.70. The company has a 50 day simple moving average of $88.97 and a 200-day simple moving average of $86.40. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.75.

A number of hedge funds and other institutional investors have recently modified their holdings of CNBKA. Flagship Harbor Advisors LLC acquired a new stake in Century Bancorp during the 3rd quarter worth approximately $26,000. Rhumbline Advisers lifted its position in Century Bancorp by 7.8% during the 3rd quarter. Rhumbline Advisers now owns 4,330 shares of the bank’s stock worth $379,000 after acquiring an additional 313 shares during the period. New England Research & Management Inc. lifted its position in Century Bancorp by 8.2% during the 4th quarter. New England Research & Management Inc. now owns 5,249 shares of the bank’s stock worth $472,000 after acquiring an additional 400 shares during the period. Parametric Portfolio Associates LLC lifted its position in Century Bancorp by 6.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,135 shares of the bank’s stock worth $979,000 after acquiring an additional 705 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Century Bancorp during the 2nd quarter worth approximately $68,000. Institutional investors own 33.90% of the company’s stock.

CNBKA has been the topic of several research reports. ValuEngine lowered Century Bancorp from a “hold” rating to a “sell” rating in a report on Friday, December 13th. BidaskClub downgraded Century Bancorp from a “hold” rating to a “sell” rating in a report on Thursday.

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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