Century Bancorp, Inc. Class A (NASDAQ:CNBKA) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Shares of NASDAQ:CNBKA opened at $71.15 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.61 and a current ratio of 0.61. Century Bancorp, Inc. Class A has a 12-month low of $65.20 and a 12-month high of $89.40. The firm has a market cap of $403.61 million, a price-to-earnings ratio of 12.16 and a beta of 0.75.

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

In related news, major shareholder James J. Filler purchased 2,022 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were acquired at an average cost of $78.69 per share, with a total value of $159,111.18. Following the completion of the purchase, the insider now owns 626,987 shares of the company’s stock, valued at approximately $49,337,607.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James J. Filler purchased 2,035 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was bought at an average cost of $72.55 per share, for a total transaction of $147,639.25. Following the completion of the purchase, the insider now directly owns 634,433 shares of the company’s stock, valued at approximately $46,028,114.15. The disclosure for this purchase can be found here. Insiders bought 14,024 shares of company stock worth $1,076,277 over the last ninety days. 36.91% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mackay Shields LLC acquired a new position in shares of Century Bancorp, Inc. Class A in the first quarter worth $714,000. Schwab Charles Investment Management Inc. boosted its holdings in Century Bancorp, Inc. Class A by 40.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 16,565 shares of the bank’s stock worth $1,316,000 after purchasing an additional 4,729 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Century Bancorp, Inc. Class A by 52.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,396 shares of the bank’s stock worth $422,000 after purchasing an additional 1,856 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Century Bancorp, Inc. Class A by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 150,604 shares of the bank’s stock worth $11,958,000 after purchasing an additional 8,278 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new stake in Century Bancorp, Inc. Class A in the first quarter worth $780,000. 36.15% of the stock is currently owned by institutional investors and hedge funds.

Century Bancorp, Inc. Class A Company 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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