Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $61,394.06 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 793 shares of Century Bancorp stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of $77.42 per share, for a total transaction of $61,394.06. Following the transaction, the insider now directly owns 579,978 shares of the company’s stock, valued at $44,901,896.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ CNBKA) opened at 80.10 on Monday. Century Bancorp, Inc. has a one year low of $44.55 and a one year high of $81.10. The firm has a market capitalization of $445.92 million, a PE ratio of 16.37 and a beta of 0.73. The firm has a 50-day moving average price of $66.59 and a 200 day moving average price of $63.93.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. The firm had revenue of $26.40 million during the quarter. Analysts anticipate that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new position in Century Bancorp in the 2nd quarter valued at approximately $209,000. The Manufacturers Life Insurance Company raised its holdings in Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after acquiring an additional 3,642 shares during the period. ClariVest Asset Management LLC raised its holdings in Century Bancorp by 31.0% during the 2nd quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after acquiring an additional 960 shares during the period. ZPR Investment Management raised its holdings in Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after acquiring an additional 125 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in Century Bancorp by 27.0% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock valued at $419,000 after acquiring an additional 1,400 shares during the period. 36.54% of the stock is owned by institutional investors.
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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