AAPL   383.82 (+0.64%)
CGC   16.09 (-1.47%)
TSLA   1,379.20 (+0.98%)
AMD   54.95 (+2.84%)
BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
AAPL   383.82 (+0.64%)
CGC   16.09 (-1.47%)
TSLA   1,379.20 (+0.98%)
AMD   54.95 (+2.84%)
BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
AAPL   383.82 (+0.64%)
CGC   16.09 (-1.47%)
TSLA   1,379.20 (+0.98%)
AMD   54.95 (+2.84%)
BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
AAPL   383.82 (+0.64%)
CGC   16.09 (-1.47%)
TSLA   1,379.20 (+0.98%)
AMD   54.95 (+2.84%)
BAC   22.71 (-1.73%)
NFLX   503.73 (+0.19%)
BA   176.16 (-2.18%)
Log in

Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Acquires $67,221.00 in Stock

Last updated on Wednesday, July 8, 2020 | 2020 MarketBeat

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.

See Also: The Structure of a Futures Contract

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

8 Artificial Intelligence Stocks That Will Make You Feel Like a Smart Investor

In 2018, it was cannabis. In 2019, it was 5G. And yet before either of those trends, artificial intelligence (or AI) was growing relentlessly and undeniably.

Artificial intelligence stems from the simple fact that computers are getting smarter. And they are being designed to process information faster. The words “machine learning” are being used to summarize the creation of algorithms, freed from human programmers, which train themselves on massive data sets. Earlier this year, two separate artificial intelligence “machines” demonstrated the ability to “read” Wikipedia entries and answer questions better than humans did.

But AI is more than a parlor trick. Chances are at some point today, you’ve experienced a benefit of artificial intelligence. You may have gotten to this page because of an internet search. You may have asked Alexa or your Google Assistant to perform a command. You may have voice-activated your Roomba vacuum. You may have used an AI-powered GPS system to get to wherever you’re reading this.

In the future, you may be hailing an autonomous car. A virtual assistant will be able to place calls for you to make appointments. But instead of sounding like a robot, the assistant will sound human, with an understanding of context and nuance. And those are just two applications. There will be more because the possibilities of artificial intelligence are expansive. But they can also be somewhat chilling. Many of the functions that are performed by humans today may be made obsolete by AI. But that’s a subject for another day.

Right now, you want to know how you can profit from this emerging trend.

You’ve come to the right place. In this special presentation, we will take a look at 8 stocks that can help you profit from the artificial intelligence trend.

View the "8 Artificial Intelligence Stocks That Will Make You Feel Like a Smart Investor".

30 Days of MarketBeat All Access for $1.00

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

  • Best-in-Class Portfolio Monitoring

    View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

  • Stock Ideas and Recommendations

    Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

  • Advanced Stock Screeners and Research Tools

    Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.