Renaissance Technologies LLC lifted its position in Century BanCorp, Inc. (NASDAQ:CNBKA) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,600 shares of the bank’s stock after purchasing an additional 15,100 shares during the period. Renaissance Technologies LLC owned about 2.00% of Century BanCorp worth $8,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Century BanCorp by 54.2% in 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 in the last quarter. First Trust Advisors LP purchased a new position in Century BanCorp during the fourth quarter valued at $340,000. SG Americas Securities LLC purchased a new position in Century BanCorp during the third quarter valued at $451,000. Cornerstone Capital Management Holdings LLC. grew its stake in Century BanCorp by 60.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 10,593 shares of the bank’s stock valued at $848,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Bowling Portfolio Management LLC purchased a new position in Century BanCorp during the fourth quarter valued at $866,000. 36.94% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub raised shares of Century BanCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd.
CNBKA opened at $78.75 on Monday. The firm has a market cap of $438.40, a P/E ratio of 14.27 and a beta of 0.74. 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 1.47, a current ratio of 0.62 and a quick ratio of 0.62.
Century BanCorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share for the quarter. The company had revenue of $26.11 million during the quarter. Century BanCorp had a net margin of 17.16% and a return on equity of 12.01%.
In other Century BanCorp news, major shareholder James J. Filler acquired 1,130 shares of the stock in a transaction on Friday, January 19th. The stock was acquired at an average price of $80.50 per share, for a total transaction of $90,965.00. Following the completion of the transaction, the insider now directly owns 605,743 shares of the company’s stock, valued at $48,762,311.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder James J. Filler acquired 500 shares of the stock in a transaction on Tuesday, January 30th. The shares were acquired at an average price of $80.86 per share, with a total value of $40,430.00. Following the transaction, the insider now directly owns 608,829 shares of the company’s stock, valued at $49,229,912.94. The disclosure for this purchase can be found here. Insiders have purchased 14,615 shares of company stock valued at $1,158,373 over the last ninety days. 36.91% of the stock is currently owned by corporate insiders.
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Century BanCorp 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.
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