BidaskClub downgraded shares of Century Bancorp (NASDAQ:CNBKA) from a sell rating to a strong sell rating in a report published on Wednesday, BidAskClub reports.

Shares of CNBKA stock opened at $82.66 on Wednesday. The business has a fifty day simple moving average of $86.48. Century Bancorp has a 52 week low of $65.15 and a 52 week high of $95.70. The stock has a market capitalization of $455.94 million, a price-to-earnings ratio of 11.89 and a beta of 0.85. 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 announced its quarterly earnings results on Tuesday, July 9th. The bank reported $1.70 EPS for the quarter. Century Bancorp had a return on equity of 12.85% and a net margin of 22.75%. The company had revenue of $28.25 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, July 31st.

In other news, major shareholder James J. Filler acquired 3,608 shares of the stock in a transaction on Monday, June 3rd. The stock was acquired at an average price of $89.36 per share, with a total value of $322,410.88. Following the completion of the transaction, the insider now owns 691,161 shares of the company’s stock, valued at approximately $61,762,146.96. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder James J. Filler acquired 500 shares of the stock in a transaction on Monday, July 22nd. The shares were purchased at an average cost of $83.00 per share, with a total value of $41,500.00. Following the transaction, the insider now directly owns 703,451 shares of the company’s stock, valued at approximately $58,386,433. The disclosure for this purchase can be found here. Insiders have acquired 15,759 shares of company stock valued at $1,383,038 in the last three months. Insiders own 36.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in shares of Century Bancorp by 552.2% in 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 position in shares of Century Bancorp in the 4th quarter worth about $72,000. MetLife Investment Advisors LLC purchased a new position in shares of Century Bancorp in the 4th quarter worth about $99,000. Bessemer Group Inc. purchased a new position in shares of Century Bancorp in the 2nd quarter worth about $105,000. Finally, SG Americas Securities LLC purchased a new position in shares of Century Bancorp in the 1st quarter worth about $130,000. 33.97% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Price to Earnings Ratio (PE)

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.