Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 200 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was bought at an average cost of $78.15 per share, for a total transaction of $15,630.00. Following the purchase, the insider now directly owns 604,920 shares in the company, valued at approximately $47,274,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (CNBKA) traded up $0.30 during midday trading on Friday, hitting $80.70. The stock had a trading volume of 4,617 shares, compared to its average volume of 5,648. Century Bancorp, Inc. has a fifty-two week low of $53.35 and a fifty-two week high of $89.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $449.26, a price-to-earnings ratio of 15.61 and a beta of 0.75.
Several equities research analysts have issued reports on CNBKA shares. BidaskClub cut shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after acquiring an additional 3,642 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares during the period. ZPR Investment Management raised its holdings in shares of Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after acquiring an additional 125 shares during the period. ClariVest Asset Management LLC raised its holdings in shares of Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after acquiring an additional 1,057 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in Century Bancorp by 27.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock valued at $419,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 36.50% of the company’s stock.
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Century Bancorp Company Profile
Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.
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