As Microsoft (MSFT) Valuation Rose, Shareholder Benedict Financial Advisors Trimmed Its Stake …

… 06/03/2018 – InsideSales.com Announces Next-Gen Al Technology for Sales; 23/04/2018 – T-SYSTEMS, MICROSOFT FORM PARTNERSHIP TO …

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Strategic Advisors Llc increased its stake in U S Bancorp Del New (USB) by 41.5% based on its latest 2019Q1 regulatory filing with the SEC. Strategic Advisors Llc bought 6,600 shares as the company’s stock rose 7.61% . The institutional investor held 22,504 shares of the major banks company at the end of 2019Q1, valued at $1.08 million, up from 15,904 at the end of the previous reported quarter. Strategic Advisors Llc who had been investing in U S Bancorp Del New for a number of months, seems to be bullish on the $84.43 billion market cap company. The stock decreased 4.29% or $2.38 during the last trading session, reaching $53.05. About 7.32M shares traded or 36.15% up from the average. U.S. Bancorp (NYSE:USB) has risen 7.87% since August 6, 2018 and is uptrending. It has outperformed by 7.87% the S&P500. Some Historical USB News: 11/04/2018 – U.S. Bank Mobile Payment Expands to Mastercard Business Travel Cards; 04/05/2018 – US BANCORP VICE CHAIRMAN-CHIEF RISK OFFICER TO RETIRE; 06/03/2018 – Jensen Investment Management Announces New Shareholder Shannon Contreras; 18/04/2018 – U.S. Bancorp’s 1st-qtr profit rises 13.7 pct; 22/05/2018 – U.S. Bancorp Closes Above 50-Day Moving Average: Technicals; 09/05/2018 – Moody’s Confirms U.S. Bancorp (senior unsecured A1); 23/05/2018 – U.S. Bancorp to Speak at the Bernstein Annual Strategic Decisions Conference; 04/05/2018 – U.S. Bank Announces Retirements of Bill Parker and Jennie Carlson; 14/04/2018 – U.S. Bancorp Ready to Play in the Big Leagues — Barron’s; 18/04/2018 – US Bancorp 1Q EPS 96c

Benedict Financial Advisors Inc decreased its stake in Microsoft Corp (MSFT) by 3.5% based on its latest 2019Q1 regulatory filing with the SEC. Benedict Financial Advisors Inc sold 3,094 shares as the company’s stock rose 6.56% . The institutional investor held 85,240 shares of the prepackaged software company at the end of 2019Q1, valued at $10.05 million, down from 88,334 at the end of the previous reported quarter. Benedict Financial Advisors Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $ market cap company. The stock decreased 3.43% or $4.69 during the last trading session, reaching $132.21. About 42.75 million shares traded or 73.80% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 29.33% since August 6, 2018 and is uptrending. It has outperformed by 29.33% the S&P500. Some Historical MSFT News: 31/05/2018 – Source-to-Pay Pioneer Determine, Inc. Teams Up with Leading Customers to Drive Satisfaction Through Innovation and Insights at Annual East Region User Group; 04/04/2018 – Microsoft Highlights Success With Customers Like Steelcase, Chevron and Johnson Control; 15/03/2018 – Microsoft’s Xbox Unit Seeks to Lure Game Makers to Cloud; 06/03/2018 – InsideSales.com Announces Next-Gen Al Technology for Sales; 23/04/2018 – T-SYSTEMS, MICROSOFT FORM PARTNERSHIP TO PUSH PUBLIC CLOUD SVCS; 07/03/2018 – Starmind Selected for Microsoft ScaleUp Program for its Technological Innovations in Al; 04/04/2018 – FTI Consulting Launches Relativity and RelativityOne Offering in Hong Kong; 21/05/2018 – Blue Medora Announces Multi-Cloud Monitoring for Microsoft Azure Log Analytics; 14/05/2018 – RANE Sponsors Compliance Week 2018; 16/04/2018 – Rapid Advances in Technology Outpacing Risk Management: Marsh/RIMS

Investors sentiment decreased to 0.91 in Q1 2019. Its down 0.03, from 0.94 in 2018Q4. It turned negative, as 64 investors sold MSFT shares while 922 reduced holdings. 159 funds opened positions while 742 raised stakes. 5.41 billion shares or 1.21% less from 5.48 billion shares in 2018Q4 were reported. Moreover, Fort Lp has 0.5% invested in Microsoft Corporation (NASDAQ:MSFT) for 20,863 shares. Elm Advsrs Ltd Liability Corporation holds 4,430 shares. Lockheed Martin Management has invested 0.08% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). 821,130 are held by Carmignac Gestion. Epoch Inv Partners owns 7.48 million shares or 3.85% of their US portfolio. Marvin & Palmer Assocs Inc owns 5.32% invested in Microsoft Corporation (NASDAQ:MSFT) for 57,867 shares. Nbw Capital Limited Liability Company invested in 2.45% or 75,810 shares. Professional Advisory holds 3.14% in Microsoft Corporation (NASDAQ:MSFT) or 132,704 shares. 1.32M are held by Hexavest. Madison Invest Holding holds 290,504 shares. First Heartland Consultants owns 15,412 shares. 39,652 are owned by Wealthtrust Axiom Limited Company. Hoplite Mngmt Limited Partnership holds 169,377 shares. Chatham Cap Grp Incorporated has 5,449 shares for 0.17% of their portfolio. Moreover, Birinyi Assoc Inc has 2.45% invested in Microsoft Corporation (NASDAQ:MSFT).

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Notable Wednesday Option Activity: COF, SWKS, MSFT – Nasdaq” on July 31, 2019, also Nasdaq.com with their article: “Technology Sector Update for 07/19/2019: EXPO,CRWD,MSFT – Nasdaq” published on July 19, 2019, Nasdaq.com published: “Nasdaq Today: Can Big Tech Earnings Lead to Record Gains? – Nasdaq” on July 19, 2019. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Benzinga.com and their article: “Microsoft Q4 Earnings Preview – Benzinga” published on July 18, 2019 as well as Fool.com‘s news article titled: “3 Top Tech Stocks to Buy Right Now – Motley Fool” with publication date: August 05, 2019.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on October, 23. They expect $1.24 EPS, up 8.77% or $0.10 from last year’s $1.14 per share. After $1.37 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -9.49% negative EPS growth.

Benedict Financial Advisors Inc, which manages about $175.27 million and $230.64 million US Long portfolio, upped its stake in Invesco Bulletshares 2020 Corp Bond Etf by 24,668 shares to 109,507 shares, valued at $2.32M in 2019Q1, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 5,158 shares in the quarter, for a total of 12,542 shares, and has risen its stake in Altria Group Inc (NYSE:MO).

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Seekingalpha.com which released: “Wells Fargo – Time To Be Brave – Seeking Alpha” on July 15, 2019, also Seekingalpha.com with their article: “Stocks To Watch: Prime Day And FAANGs Out In DC – Seeking Alpha” published on July 13, 2019, Finance.Yahoo.com published: “Tweedy Browne Buys 2 Stocks, Adds to 3 in 2nd Quarter – Yahoo Finance” on August 05, 2019. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Seekingalpha.com and their article: “U.S. Bancorp Q2 helped by loan, deposit growth – Seeking Alpha” published on July 17, 2019 as well as Fool.com‘s news article titled: “A Foolish Take: Bank Dividends Are Soaring – The Motley Fool” with publication date: July 08, 2019.

Investors sentiment increased to 1.03 in 2019 Q1. Its up 0.18, from 0.85 in 2018Q4. It increased, as 36 investors sold USB shares while 420 reduced holdings. 116 funds opened positions while 354 raised stakes. 1.15 billion shares or 1.52% less from 1.17 billion shares in 2018Q4 were reported. First Retail Bank Of Omaha invested in 474,896 shares. Strategic Advsrs Limited Liability Corporation reported 0.42% in U.S. Bancorp (NYSE:USB). Public Employees Retirement Association Of Colorado reported 0.09% of its portfolio in U.S. Bancorp (NYSE:USB). Schmidt P J Management Inc holds 0.22% in U.S. Bancorp (NYSE:USB) or 15,565 shares. L S Advsrs reported 0.11% in U.S. Bancorp (NYSE:USB). Lbmc Investment Ltd Liability Corp has invested 0.05% in U.S. Bancorp (NYSE:USB). 33,607 were reported by Golub Gru Ltd Liability Company. Massachusetts-based Middleton & Commerce Inc Ma has invested 0.35% in U.S. Bancorp (NYSE:USB). Rothschild Invest Corporation Il reported 0.08% stake. Cornerstone Inc stated it has 0.03% in U.S. Bancorp (NYSE:USB). Dynamic Advisor Solutions Limited Liability Corp invested 0.1% of its portfolio in U.S. Bancorp (NYSE:USB). California-based First Western Capital Mgmt has invested 3.85% in U.S. Bancorp (NYSE:USB). Nomura Asset Management, Japan-based fund reported 288,835 shares. The Illinois-based Chicago Equity Prtnrs Limited Liability Corp has invested 0.04% in U.S. Bancorp (NYSE:USB). Ameriprise Financial Inc invested 0.12% in U.S. Bancorp (NYSE:USB).

Strategic Advisors Llc, which manages about $258.78 million US Long portfolio, decreased its stake in Glaxosmithkline Plc (NYSE:GSK) by 8,000 shares to 17,000 shares, valued at $710,000 in 2019Q1, according to the filing. It also reduced its holding in Schwab Us Broad Market (SCHB) by 7,679 shares in the quarter, leaving it with 278,133 shares, and cut its stake in Merck & Co Inc (NYSE:MRK).

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Midland States Bancorp (NASDAQ:MSBI) Stock Rating Lowered by Zacks Investment Research

Quantum Capital Management raised its stake in Midland States Bancorp by 69.9% during the first quarter. Quantum Capital Management now owns …

Midland States Bancorp Inc logoZacks Investment Research cut shares of Midland States Bancorp (NASDAQ:MSBI) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Midland States Bancorp, Inc. is a financial and bank holding company. It provides commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. The company also offers commercial equipment leasing services which provided through Heartland Business Credit and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiaries. Midland States Bancorp, Inc. is headquartered in Effingham, Illinois. “

MSBI has been the subject of several other reports. TheStreet upgraded Midland States Bancorp from a c+ rating to a b rating in a research report on Friday, May 24th. ValuEngine raised shares of Midland States Bancorp from a strong sell rating to a sell rating in a research note on Thursday, April 18th. Finally, BidaskClub raised shares of Midland States Bancorp from a sell rating to a hold rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $27.00.

Shares of Midland States Bancorp stock opened at $26.19 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. Midland States Bancorp has a 1 year low of $19.56 and a 1 year high of $35.28. The firm has a market cap of $630.21 million, a P/E ratio of 12.84, a P/E/G ratio of 1.47 and a beta of 1.35. The stock’s 50 day moving average is $26.15.

In other Midland States Bancorp news, SVP Jeffrey A. Brunoehler sold 22,178 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.00, for a total value of $598,806.00. Following the transaction, the senior vice president now owns 57,861 shares in the company, valued at approximately $1,562,247. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon J. Holschbach sold 9,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $26.67, for a total transaction of $253,365.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,678 shares of company stock valued at $1,345,601. 12.70% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of MSBI. Kennedy Capital Management Inc. acquired a new stake in shares of Midland States Bancorp in the 1st quarter valued at about $3,609,000. Dimensional Fund Advisors LP raised its stake in Midland States Bancorp by 25.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,834 shares of the financial services provider’s stock worth $12,507,000 after acquiring an additional 114,165 shares during the period. Hennessy Advisors Inc. raised its stake in Midland States Bancorp by 115.4% during the first quarter. Hennessy Advisors Inc. now owns 140,000 shares of the financial services provider’s stock worth $3,368,000 after acquiring an additional 75,000 shares during the period. Quantum Capital Management raised its stake in Midland States Bancorp by 69.9% during the first quarter. Quantum Capital Management now owns 177,177 shares of the financial services provider’s stock worth $4,263,000 after acquiring an additional 72,875 shares during the period. Finally, BlackRock Inc. raised its stake in Midland States Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,392,525 shares of the financial services provider’s stock worth $31,109,000 after acquiring an additional 37,847 shares during the period. Institutional investors and hedge funds own 47.51% of the company’s stock.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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HMS Capital Management LLC Purchases Shares of 1127 Community Trust Bancorp, Inc …

Acadian Asset Management LLC grew its stake in shares of Community Trust Bancorp by 325.1% in the first quarter. Acadian Asset Management LLC …

Community Trust Bancorp logoHMS Capital Management LLC purchased a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,127 shares of the financial services provider’s stock, valued at approximately $48,000.

Other large investors have also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in Community Trust Bancorp in the 2nd quarter worth approximately $293,000. FMR LLC grew its stake in Community Trust Bancorp by 68.9% in the first quarter. FMR LLC now owns 192,176 shares of the financial services provider’s stock worth $7,891,000 after purchasing an additional 78,400 shares during the period. Globeflex Capital L P grew its stake in Community Trust Bancorp by 18.3% in the first quarter. Globeflex Capital L P now owns 9,344 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 1,444 shares during the period. Acadian Asset Management LLC grew its stake in shares of Community Trust Bancorp by 325.1% in the first quarter. Acadian Asset Management LLC now owns 9,454 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 7,230 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Community Trust Bancorp by 22.3% in the first quarter. Martingale Asset Management L P now owns 89,435 shares of the financial services provider’s stock worth $3,673,000 after acquiring an additional 16,300 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Shares of Community Trust Bancorp stock traded down $0.37 on Friday, reaching $40.87. The company had a trading volume of 858 shares, compared to its average volume of 23,441. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $41.44. The firm has a market capitalization of $756.94 million, a price-to-earnings ratio of 12.18 and a beta of 0.64. Community Trust Bancorp, Inc. has a 1 year low of $35.70 and a 1 year high of $51.20.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.18. The business had revenue of $48.28 million during the quarter, compared to analyst estimates of $48.98 million. Community Trust Bancorp had a return on equity of 11.54% and a net margin of 28.19%. Equities analysts expect that Community Trust Bancorp, Inc. will post 3.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 3.72%. Community Trust Bancorp’s payout ratio is 42.99%.

A number of research analysts have recently issued reports on the company. BidaskClub raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Zacks Investment Research downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.

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Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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United Financial Bancorp Inc (NASDAQ:UBNK) Stock Holdings Reduced by Clean Yield Group

Acadian Asset Management LLC grew its stake in United Financial Bancorp by 219.9% in the first quarter. Acadian Asset Management LLC now owns …

United Financial Bancorp logoClean Yield Group lowered its position in United Financial Bancorp Inc (NASDAQ:UBNK) by 50.1% during the second quarter, HoldingsChannel.com reports. The firm owned 16,100 shares of the bank’s stock after selling 16,145 shares during the quarter. Clean Yield Group’s holdings in United Financial Bancorp were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBNK. Castine Capital Management LLC grew its stake in United Financial Bancorp by 79.3% in the first quarter. Castine Capital Management LLC now owns 1,746,000 shares of the bank’s stock valued at $25,055,000 after purchasing an additional 772,038 shares in the last quarter. BlackRock Inc. grew its stake in United Financial Bancorp by 3.6% in the fourth quarter. BlackRock Inc. now owns 3,984,825 shares of the bank’s stock valued at $58,577,000 after purchasing an additional 139,023 shares in the last quarter. Acadian Asset Management LLC grew its stake in United Financial Bancorp by 219.9% in the first quarter. Acadian Asset Management LLC now owns 168,156 shares of the bank’s stock valued at $2,412,000 after purchasing an additional 115,590 shares in the last quarter. IndexIQ Advisors LLC purchased a new position in United Financial Bancorp in the first quarter valued at about $1,577,000. Finally, Dimensional Fund Advisors LP grew its stake in United Financial Bancorp by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,272,910 shares of the bank’s stock valued at $62,812,000 after purchasing an additional 59,156 shares in the last quarter. Hedge funds and other institutional investors own 67.99% of the company’s stock.

UBNK has been the topic of a number of recent research reports. Sandler O’Neill upgraded United Financial Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $16.50 in a research note on Wednesday, July 17th. Zacks Investment Research upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, June 29th. ValuEngine downgraded United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, TheStreet downgraded United Financial Bancorp from a “b-” rating to a “c” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

In other news, EVP Brandon Craig Lorey sold 40,626 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.35, for a total transaction of $582,983.10. Following the completion of the sale, the executive vice president now owns 29,408 shares in the company, valued at approximately $422,004.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William Hw Iv Crawford sold 15,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $14.34, for a total value of $215,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,806 shares of company stock valued at $1,041,670. 3.04% of the stock is currently owned by corporate insiders.

UBNK opened at $13.52 on Friday. The company has a market cap of $731.14 million, a P/E ratio of 11.56 and a beta of 0.70. The business’s 50-day moving average is $14.00. United Financial Bancorp Inc has a 52-week low of $12.82 and a 52-week high of $18.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.03.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, July 16th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $47.85 million for the quarter, compared to the consensus estimate of $55.90 million. United Financial Bancorp had a return on equity of 7.30% and a net margin of 11.92%. On average, research analysts predict that United Financial Bancorp Inc will post 1.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Friday, July 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $0.48 annualized dividend and a dividend yield of 3.55%. United Financial Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

United Financial Bancorp Company Profile

United Financial Bancorp, Inc operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. The company accepts various deposits, such as interest-bearing and non-interest-bearing checking, regular savings, money market savings, and time deposits.

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Want to see what other hedge funds are holding UBNK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Financial Bancorp Inc (NASDAQ:UBNK).

Institutional Ownership by Quarter for United Financial Bancorp (NASDAQ:UBNK)

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James J. Filler Acquires 184 Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) Stock

Acadian Asset Management LLC lifted its position in Century Bancorp by 11.7% during the first quarter. Acadian Asset Management LLC now owns …

Century Bancorp logoCentury Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 184 shares of Century Bancorp stock in a transaction on Wednesday, July 24th. The shares were purchased at an average price of $82.27 per share, for a total transaction of $15,137.68. Following the acquisition, the insider now directly owns 703,451 shares in the company, valued at approximately $57,872,913.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CNBKA stock opened at $82.11 on Friday. The company has a 50 day simple moving average of $86.15. The company has a market cap of $466.85 million, a PE ratio of 12.17 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, Inc. has a 12-month low of $65.15 and a 12-month high of $95.70.

Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, July 9th. The bank reported $1.70 earnings per share for the quarter. Century Bancorp had a return on equity of 12.85% and a net margin of 22.75%. The firm had revenue of $28.25 million for the quarter.

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

A number of research firms have weighed in on CNBKA. ValuEngine downgraded Century Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub raised Century Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday.

Several large investors have recently made changes to their positions in CNBKA. First Trust Advisors LP purchased a new position in shares of Century Bancorp during the second quarter worth approximately $227,000. Bessemer Group Inc. acquired a new position in Century Bancorp during the second quarter valued at $105,000. New England Research & Management Inc. lifted its position in Century Bancorp by 41.3% during the second quarter. New England Research & Management Inc. now owns 5,549 shares of the bank’s stock valued at $488,000 after purchasing an additional 1,623 shares during the period. Acadian Asset Management LLC lifted its position in Century Bancorp by 11.7% during the first quarter. Acadian Asset Management LLC now owns 5,290 shares of the bank’s stock valued at $386,000 after purchasing an additional 556 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Century Bancorp by 10.2% during the first quarter. Janney Montgomery Scott LLC now owns 5,847 shares of the bank’s stock valued at $427,000 after purchasing an additional 541 shares during the period. 33.88% of the stock is owned by hedge funds and other institutional investors.

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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