Century BanCorp, Inc. (CNBKA) Major Shareholder Buys $53,053.60 in Stock

Century BanCorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 680 shares of the stock in a transaction on Thursday, April 5th. The shares were purchased at an average cost of $78.02 per share, for a total transaction of $53,053.60. Following the acquisition, the insider now directly owns 618,773 shares of the company’s stock, valued at $48,276,669.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Century BanCorp stock opened at $78.75 on Monday. The company has a market cap of $438.40, a PE ratio of 14.27 and a beta of 0.74. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.47. Century BanCorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40.

How to Become a New Pot Stock Millionaire

Century BanCorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. The firm had revenue of $26.11 million for the quarter. Century BanCorp had a net margin of 17.16% and a return on equity of 12.01%.

Institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Century BanCorp during the fourth quarter valued at approximately $118,000. The Manufacturers Life Insurance Company increased its position in Century BanCorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after purchasing an additional 3,642 shares during the last quarter. Wells Fargo & Company MN increased its position in Century BanCorp by 54.2% in the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after purchasing an additional 1,244 shares during the last quarter. First Trust Advisors LP bought a new stake in Century BanCorp in the fourth quarter worth $340,000. Finally, SG Americas Securities LLC bought a new stake in Century BanCorp in the third quarter worth $451,000. Hedge funds and other institutional investors own 36.94% of the company’s stock.

Separately, BidaskClub upgraded shares of Century BanCorp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd.

WARNING: This story was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/3342844/century-bancorp-inc-cnbka-major-shareholder-buys-53053-60-in-stock.html.

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.

Insider Buying and Selling by Quarter for Century BanCorp (NASDAQ:CNBKA)

Receive News & Ratings for Century BanCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century BanCorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

DASAN Zhone Solutions  and Its Competitors Head-To-Head Review
DASAN Zhone Solutions and Its Competitors Head-To-Head Review
Comparing Align Technology  and Mine Safety Appliances
Comparing Align Technology and Mine Safety Appliances
Air Lease  versus Rent-A-Center  Financial Survey
Air Lease versus Rent-A-Center Financial Survey
GeoCoin  One Day Trading Volume Hits $58,125.00
GeoCoin One Day Trading Volume Hits $58,125.00
Equal Reaches 1-Day Trading Volume of $12,722.00
Equal Reaches 1-Day Trading Volume of $12,722.00
Financial Review: Rush Enterprises  & Its Rivals
Financial Review: Rush Enterprises & Its Rivals


Leave a Reply

© 2006-2018 Ticker Report. Google+.