Insider Buying: Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Purchases 200 Shares of Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average price of $85.75 per share, with a total value of $17,150.00. Following the completion of the acquisition, the insider now owns 696,979 shares of the company’s stock, valued at approximately $59,765,949.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CNBKA stock opened at $85.70 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.95. The company has a market cap of $477.09 million, a P/E ratio of 12.58 and a beta of 0.93. Century Bancorp, Inc. has a 52 week low of $65.15 and a 52 week high of $95.70.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, April 9th. The bank reported $1.69 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%.

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

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Century Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock worth $11,604,000 after purchasing an additional 4,364 shares during the period. BlackRock Inc. lifted its stake in Century Bancorp by 2.3% in the fourth quarter. BlackRock Inc. now owns 153,524 shares of the bank’s stock valued at $10,397,000 after acquiring an additional 3,489 shares during the last quarter. Clean Yield Group lifted its stake in Century Bancorp by 1.2% in the first quarter. Clean Yield Group now owns 113,193 shares of the bank’s stock valued at $8,263,000 after acquiring an additional 1,319 shares during the last quarter. Bank of America Corp DE lifted its stake in Century Bancorp by 4.1% in the fourth quarter. Bank of America Corp DE now owns 29,739 shares of the bank’s stock valued at $2,014,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Century Bancorp by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 29,306 shares of the bank’s stock valued at $1,984,000 after acquiring an additional 1,187 shares during the last quarter. 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.

Read More: Bid-Ask Spread

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

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