Century BanCorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 200 shares of the company’s stock in a transaction on Friday, March 16th. The shares were bought at an average price of $77.70 per share, for a total transaction of $15,540.00. Following the completion of the acquisition, the insider now directly owns 617,272 shares in the company, valued at approximately $47,962,034.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
NASDAQ:CNBKA opened at $78.75 on Friday. Century BanCorp, Inc. has a 1-year low of $53.35 and a 1-year high of $89.40. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $438.40, a P/E ratio of 14.27 and a beta of 0.75.
Century BanCorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share for the quarter. Century BanCorp had a net margin of 17.16% and a return on equity of 12.01%. The business had revenue of $26.11 million during the quarter.
Several large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in Century BanCorp during the fourth quarter worth $118,000. The Manufacturers Life Insurance Company boosted its position in Century BanCorp by 1,300.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after purchasing an additional 3,642 shares during the period. Wells Fargo & Company MN boosted its position in Century BanCorp by 54.2% during the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after purchasing an additional 1,244 shares during the period. First Trust Advisors LP bought a new position in Century BanCorp during the fourth quarter worth $340,000. Finally, ClariVest Asset Management LLC boosted its position in Century BanCorp by 26.1% during the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after purchasing an additional 1,057 shares during the period. 36.94% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub upgraded shares of Century BanCorp from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd.
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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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