Century Bancorp Inc. (CNBKA) Releases Earnings Results
Century Bancorp Inc. (NASDAQ:CNBKA) posted its earnings results on Tuesday. The company reported $3.24 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 21.57% and a return on equity of 10.84%.
Century Bancorp (NASDAQ:CNBKA) traded down 0.55% on Tuesday, hitting $45.10. 2,803 shares of the stock were exchanged. Century Bancorp has a 1-year low of $38.26 and a 1-year high of $45.72. The company has a 50-day moving average price of $44.78 and a 200 day moving average price of $42.82. The company has a market capitalization of $251.07 million, a PE ratio of 10.61 and a beta of 0.62.
In related news, major shareholder James J. Filler purchased 590 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of $43.67 per share, for a total transaction of $25,765.30. Following the purchase, the insider now owns 524,701 shares in the company, valued at $22,913,692.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder James J. Filler purchased 600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was bought at an average price of $44.33 per share, for a total transaction of $26,598.00. Following the purchase, the insider now owns 528,895 shares in the company, valued at approximately $23,445,915.35. The disclosure for this purchase can be found here. 36.91% of the stock is currently owned by insiders.
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.
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