Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Acquires $17,300.00 in Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 200 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $86.50 per share, with a total value of $17,300.00. Following the acquisition, the insider now directly owns 696,979 shares in the company, valued at approximately $60,288,683.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Century Bancorp stock opened at $85.70 on Monday. The firm has a market cap of $477.09 million, a PE ratio of 12.58 and a beta of 0.93. Century Bancorp, Inc. has a 12-month low of $65.15 and a 12-month high of $95.70. 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 (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, April 9th. The bank reported $1.69 earnings per share (EPS) for the quarter. The business had revenue of $27.87 million during the quarter. Century Bancorp had a net margin of 23.53% and a return on equity of 12.92%.

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of Century Bancorp by 552.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock worth $44,000 after purchasing an additional 508 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in Century Bancorp in the fourth quarter valued at $72,000. MetLife Investment Advisors LLC purchased a new stake in Century Bancorp in the fourth quarter valued at $99,000. SG Americas Securities LLC purchased a new stake in Century Bancorp in the first quarter valued at $130,000. Finally, Rhumbline Advisers lifted its position in Century Bancorp by 43.5% in the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock valued at $274,000 after acquiring an additional 1,228 shares during the last quarter. 33.94% of the stock is owned by institutional investors and hedge funds.

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

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

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