Century Bancorp, Inc. Class A (CNBKA) Major Shareholder James J. Filler Purchases 200 Shares

Century Bancorp, Inc. Class A (NASDAQ:CNBKA) major shareholder James J. Filler purchased 200 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were bought at an average price of $71.75 per share, for a total transaction of $14,350.00. Following the completion of the transaction, the insider now directly owns 638,101 shares in the company, valued at approximately $45,783,746.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of CNBKA traded up $0.20 during mid-day trading on Monday, hitting $71.30. The company’s stock had a trading volume of 4,500 shares, compared to its average volume of 5,402. The stock has a market capitalization of $396.65 million, a P/E ratio of 11.95 and a beta of 0.61. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.61 and a quick ratio of 0.61. Century Bancorp, Inc. Class A has a fifty-two week low of $67.00 and a fifty-two week high of $89.40.

Century Bancorp, Inc. Class A (NASDAQ:CNBKA) last announced its quarterly earnings data on Tuesday, July 10th. The bank reported $1.62 earnings per share (EPS) for the quarter. The company had revenue of $26.92 million for the quarter. Century Bancorp, Inc. Class A had a net margin of 17.80% and a return on equity of 12.43%.

Separately, BidaskClub cut shares of Century Bancorp, Inc. Class A from a “sell” rating to a “strong sell” rating in a research note on Friday, June 15th.

Institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Century Bancorp, Inc. Class A by 3.1% in the second quarter. California Public Employees Retirement System now owns 24,599 shares of the bank’s stock worth $1,879,000 after acquiring an additional 747 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Century Bancorp, Inc. Class A by 10.4% in the second quarter. Oppenheimer & Co. Inc. now owns 10,600 shares of the bank’s stock worth $810,000 after acquiring an additional 1,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Century Bancorp, Inc. Class A by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 17,665 shares of the bank’s stock worth $1,350,000 after acquiring an additional 1,100 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Century Bancorp, Inc. Class A by 3.3% in the second quarter. Russell Investments Group Ltd. now owns 45,681 shares of the bank’s stock worth $3,491,000 after acquiring an additional 1,443 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Century Bancorp, Inc. Class A by 2.2% in the second quarter. BlackRock Inc. now owns 149,471 shares of the bank’s stock worth $11,420,000 after acquiring an additional 3,208 shares in the last quarter. 36.15% of the stock is currently owned by institutional investors.

About Century Bancorp, Inc. Class A

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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