Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 837 shares of Century Bancorp stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $79.89 per share, for a total transaction of $66,867.93. Following the acquisition, the insider now directly owns 604,920 shares in the company, valued at approximately $48,327,058.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Century Bancorp, Inc. (CNBKA) opened at $80.70 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $449.26, a P/E ratio of 15.61 and a beta of 0.75. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40.
Several institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,244 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 valued at $249,000 after purchasing an additional 3,642 shares during the last quarter. ZPR Investment Management boosted its stake in Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after purchasing an additional 125 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock valued at $409,000 after purchasing an additional 1,057 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Century Bancorp during the 3rd quarter valued at $451,000. Institutional investors own 36.50% of the company’s stock.
Several analysts recently weighed in on the company. BidaskClub downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
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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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