Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 900 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of $74.69 per share, for a total transaction of $67,221.00. Following the completion of the transaction, the insider now directly owns 821,887 shares in the company, valued at $61,386,740.03. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 NASDAQ:CNBKA traded up $0.48 on Wednesday, hitting $72.20. The company had a trading volume of 6,665 shares, compared to its average volume of 12,620. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.02. Century Bancorp, Inc. has a 52-week low of $51.40 and a 52-week high of $93.49. The business has a 50 day moving average of $74.55 and a 200 day moving average of $75.45. The company has a market cap of $413.91 million, a PE ratio of 10.06 and a beta of 1.10.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, April 14th. The bank reported $1.74 EPS for the quarter. The firm had revenue of $29.51 million during the quarter. Century Bancorp had a return on equity of 12.10% and a net margin of 22.42%.
CNBKA has been the subject of several recent research reports. ValuEngine downgraded shares of Century Bancorp from a "sell" rating to a "strong sell" rating in a report on Wednesday, March 25th. BidaskClub cut shares of Century Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 13th. Finally, TheStreet upgraded Century Bancorp from a "c+" rating to a "b-" rating in a research report on Tuesday, June 16th.
Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Century Bancorp by 36.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 876 shares of the bank's stock worth $55,000 after purchasing an additional 233 shares during the period. Citigroup Inc. grew its position in shares of Century Bancorp by 37.8% in the fourth quarter. Citigroup Inc. now owns 893 shares of the bank's stock valued at $80,000 after purchasing an additional 245 shares during the period. Capital Bank & Trust Co acquired a new position in Century Bancorp in the first quarter valued at $64,000. Marshall Wace LLP lifted its position in Century Bancorp by 31.9% during the fourth quarter. Marshall Wace LLP now owns 2,042 shares of the bank's stock worth $184,000 after buying an additional 494 shares during the period. Finally, Barclays PLC boosted its stake in Century Bancorp by 101.8% in the 4th quarter. Barclays PLC now owns 2,865 shares of the bank's stock worth $258,000 after buying an additional 1,445 shares during the last quarter. Institutional investors and hedge funds own 33.07% of the company's stock.
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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