Century Bancorp, Inc. (NASDAQ:CNBKA) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,100 shares, a decline of 26.4% from the January 15th total of 11,000 shares. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are short sold.

A number of brokerages recently commented on CNBKA. BidaskClub lowered shares of Century Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 1st. ValuEngine lowered shares of Century Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, December 13th.

In other news, major shareholder James J. Filler acquired 2,037 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $85.40 per share, for a total transaction of $173,959.80. Following the purchase, the insider now directly owns 743,890 shares of the company’s stock, valued at $63,528,206. 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 acquired 1,371 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $87.99 per share, for a total transaction of $120,634.29. Following the completion of the purchase, the insider now directly owns 733,502 shares in the company, valued at $64,540,840.98. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,338 shares of company stock worth $1,433,172 over the last three months. Insiders own 36.91% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP grew its position in shares of Century Bancorp by 31.9% during the 4th quarter. Marshall Wace LLP now owns 2,042 shares of the bank’s stock worth $184,000 after purchasing an additional 494 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Century Bancorp by 119.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,516 shares of the bank’s stock worth $496,000 after purchasing an additional 3,002 shares in the last quarter. UBS Group AG grew its position in shares of Century Bancorp by 13.8% during the 4th quarter. UBS Group AG now owns 10,923 shares of the bank’s stock worth $983,000 after purchasing an additional 1,323 shares in the last quarter. Oxford Asset Management LLP grew its position in shares of Century Bancorp by 30.0% during the 4th quarter. Oxford Asset Management LLP now owns 4,060 shares of the bank’s stock worth $365,000 after purchasing an additional 936 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Century Bancorp by 14.0% during the 4th quarter. Renaissance Technologies LLC now owns 168,501 shares of the bank’s stock worth $15,158,000 after purchasing an additional 20,752 shares in the last quarter. Institutional investors and hedge funds own 33.83% of the company’s stock.

CNBKA traded down $0.70 on Friday, reaching $85.10. The company had a trading volume of 1,900 shares, compared to its average volume of 9,216. Century Bancorp has a fifty-two week low of $70.20 and a fifty-two week high of $95.70. The stock has a market cap of $474.16 million, a P/E ratio of 11.94 and a beta of 0.82. The company’s fifty day moving average is $89.22 and its 200 day moving average is $86.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58.

Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $1.93 EPS for the quarter. Century Bancorp had a net margin of 22.36% and a return on equity of 12.44%. The business had revenue of $30.02 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%.

About Century Bancorp

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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