Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Acquires $25,759.58 in Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 301 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $85.58 per share, with a total value of $25,759.58. Following the purchase, the insider now directly owns 696,979 shares in the company, valued at approximately $59,647,462.82. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of NASDAQ:CNBKA opened at $85.70 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.58 and a quick ratio of 0.58. Century Bancorp, Inc. has a 1 year low of $65.15 and a 1 year high of $95.70. The stock has a market cap of $477.09 million, a PE ratio of 12.58 and a beta of 0.93.

Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 12.92% and a net margin of 23.53%. The business had revenue of $27.87 million during the quarter.

Separately, BidaskClub raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th.

Large investors have recently modified their holdings of the company. SlateStone Wealth LLC purchased a new position in Century Bancorp in the 4th quarter worth approximately $764,000. Delphi Management Inc. MA boosted its holdings in Century Bancorp by 20.5% in the 4th quarter. Delphi Management Inc. MA now owns 10,810 shares of the bank’s stock worth $732,000 after acquiring an additional 1,840 shares during the period. Clean Yield Group boosted its holdings in Century Bancorp by 1.2% in the 1st quarter. Clean Yield Group now owns 113,193 shares of the bank’s stock worth $8,263,000 after acquiring an additional 1,319 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Century Bancorp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock worth $11,604,000 after acquiring an additional 4,364 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Century Bancorp by 43.5% in the 4th quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock worth $274,000 after acquiring an additional 1,228 shares during the period. Institutional investors and hedge funds own 33.94% of the company’s stock.

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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