James J. Filler Purchases 1,000 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 1,000 shares of Century Bancorp stock in a transaction dated Saturday, December 28th. The stock was bought at an average cost of $67.03 per share, for a total transaction of $67,030.00. Following the completion of the purchase, the insider now directly owns 660,291 shares in the company, valued at approximately $44,259,305.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Century Bancorp stock opened at $72.83 on Friday. The company has a market capitalization of $407.45 million, a PE ratio of 11.73 and a beta of 0.77. Century Bancorp, Inc. has a 1 year low of $65.15 and a 1 year high of $84.49. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.42.

Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share (EPS) for the quarter. The business had revenue of $27.37 million for the quarter. Century Bancorp had a net margin of 18.08% and a return on equity of 12.72%.

CNBKA has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine downgraded shares of Century Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd.

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Century Bancorp by 42.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock valued at $393,000 after acquiring an additional 1,611 shares during the period. Millennium Management LLC purchased a new stake in shares of Century Bancorp in the 2nd quarter valued at approximately $627,000. Delphi Management Inc. MA raised its stake in shares of Century Bancorp by 240.3% in the 2nd quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock valued at $740,000 after acquiring an additional 6,756 shares during the period. Wells Fargo & Company MN raised its stake in shares of Century Bancorp by 25.9% in the 3rd quarter. Wells Fargo & Company MN now owns 12,551 shares of the bank’s stock valued at $906,000 after acquiring an additional 2,583 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Century Bancorp by 34.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,225 shares of the bank’s stock valued at $1,028,000 after acquiring an additional 3,625 shares during the period. 35.65% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.wkrb13.com/2019/01/11/james-j-filler-purchases-1000-shares-of-century-bancorp-inc-cnbka-stock.html.

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.

Further Reading: How do taxes affect a CDs total return?

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.

Leave a Reply