Revenue Update on Century Bancorp(NASDAQ:CNBKA)

Century Bancorp(NASDAQ:CNBKA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 12, 2016. Earnings per share were $1.12.

Century Bancorp (CNBKA) made into the market gainers list on Fridays trading session with the shares advancing 0.02% or 0.01 points. Due to strong positive momentum, the stock ended at $43.97, which is also near the day’s high of $44. The stock began the session at $43.98 and the volume stood at 3,853 shares. The 52-week high of the shares is $45.1 and the 52 week low is $32.54. The company has a current market capitalization of $245 M and it has 55,67,909 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 8, 2016, James J Filler (10% owner) purchased 71 shares at $41.89 per share price.Also, On Jul 7, 2016, Paul A Evangelista (Executive Vice President) purchased 6 shares at $70.51 per share price.On Jul 7, 2016, Barry R Sloane (CEO and President) purchased 1 shares at $70.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Century Bancorp Inc. is a state-chartered bank holding company. The Company has one banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises state and local Governments and agencies non-profit organizations and individuals. The Company provides commercial loans real estate and construction loans and consumer loans and accepts savings time and demand deposits. In addition the Company offers to its corporate and institutional customers automated lock box collection services cash management services and account reconciliation services Also the Company provides full service securities brokerage services through a program called Investment Services at Century Bank. The Company provides financial services including cash management lockbox processing and short-term and long-term financing to municipalities in Massachusetts New Hampshire and Rhode Island.

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