James J. Filler Acquires 2,914 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 2,914 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was purchased at an average price of $79.54 per share, for a total transaction of $231,779.56. Following the completion of the transaction, the insider now directly owns 600,458 shares of the company’s stock, valued at approximately $47,760,429.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Century Bancorp, Inc. (NASDAQ CNBKA) opened at $78.25 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 company has a market capitalization of $435.62, a PE ratio of 15.14 and a beta of 0.74. Century Bancorp, Inc. has a 52-week low of $53.35 and a 52-week high of $89.40.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%. The business had revenue of $25.30 million for the quarter.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised 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 valued at $283,000 after purchasing an additional 1,244 shares during the period. The Manufacturers Life Insurance Company raised 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 valued at $249,000 after purchasing an additional 3,642 shares during the period. ZPR Investment Management raised its position in Century Bancorp by 2.7% during the second 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 period. ClariVest Asset Management LLC raised 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 valued at $409,000 after purchasing an additional 1,057 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Century Bancorp during the third quarter valued at approximately $451,000. Institutional investors and hedge funds own 36.50% of the company’s stock.

A number of research firms recently commented on CNBKA. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub downgraded Century Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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About Century Bancorp

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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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