Century Bancorp (NASDAQ:CNBKA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Separately, BidaskClub raised Century Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday.
Shares of CNBKA stock opened at $81.57 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.96. Century Bancorp has a twelve month low of $70.55 and a twelve month high of $89.40. The company has a market capitalization of $402.22 million, a P/E ratio of 12.12 and a beta of 0.60.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, October 9th. The bank reported $1.72 earnings per share for the quarter. Century Bancorp had a return on equity of 12.43% and a net margin of 17.80%. The business had revenue of $27.37 million for the quarter.
In other Century Bancorp news, major shareholder James J. Filler bought 404 shares of the stock in a transaction on Wednesday, September 26th. The shares were purchased at an average price of $72.68 per share, with a total value of $29,362.72. Following the acquisition, the insider now directly owns 638,916 shares of the company’s stock, valued at approximately $46,436,414.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder James J. Filler bought 797 shares of the stock in a transaction on Friday, September 14th. The stock was acquired at an average cost of $71.44 per share, for a total transaction of $56,937.68. Following the acquisition, the insider now directly owns 638,101 shares in the company, valued at $45,585,935.44. The disclosure for this purchase can be found here. Insiders acquired a total of 9,208 shares of company stock worth $680,047 in the last ninety days. Insiders own 36.91% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Delphi Management Inc. MA grew its holdings in shares of Century Bancorp by 240.3% during the 2nd quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock worth $740,000 after purchasing an additional 6,756 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Century Bancorp by 3.1% during the 2nd quarter. California Public Employees Retirement System now owns 24,599 shares of the bank’s stock worth $1,879,000 after purchasing an additional 747 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Century Bancorp during the 2nd quarter worth approximately $627,000. Renaissance Technologies LLC grew its holdings in shares of Century Bancorp by 6.2% during the 2nd quarter. Renaissance Technologies LLC now owns 128,400 shares of the bank’s stock worth $9,810,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Century Bancorp by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,930 shares of the bank’s stock worth $12,066,000 after purchasing an additional 7,326 shares in the last quarter. 36.14% of the stock is currently owned by institutional investors.
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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