Insider Buying: Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Acquires 500 Shares of Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 500 shares of the stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $90.27 per share, with a total value of $45,135.00. Following the transaction, the insider now directly owns 735,632 shares in the company, valued at $66,405,500.64. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
NASDAQ:CNBKA traded down $0.32 during trading hours on Thursday, hitting $90.38. The company had a trading volume of 590 shares, compared to its average volume of 8,627. The company has a market capitalization of $501.03 million, a PE ratio of 12.89 and a beta of 0.82. The stock has a 50-day moving average price of $88.97 and a 200 day moving average price of $86.40. Century Bancorp, Inc. has a 52 week low of $70.20 and a 52 week high of $95.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.58 and a quick ratio of 0.58.
A number of equities research analysts have recently weighed in on CNBKA shares. ValuEngine lowered Century Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. BidaskClub downgraded Century Bancorp from a “hold” rating to a “sell” rating in a report on Thursday.
Century Bancorp 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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