How to buy Century Bancorp stock

Century Bancorp, Inc is a banks-regional business based in the US. Century Bancorp shares (CNBKA) are listed on the NASDAQ and all prices are listed in US Dollars. Century Bancorp employs 404 staff and has a trailing 12-month revenue of around USD$116.7 million.

How to buy shares in Century Bancorp

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Century Bancorp. Find the stock by name or ticker symbol: CNBKA. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Century Bancorp reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Century Bancorp, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Century Bancorp. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Century Bancorp share price

Use our graph to track the performance of CNBKA stocks over time.

Century Bancorp shares at a glance

• Key figures

Information last updated 2020-12-27.

52-week range	USD$51.1057 - USD$92.8276
50-day moving average	USD$77.5138
200-day moving average	USD$72.9658
Wall St. target price	USD$16
PE ratio	10.3367
Dividend yield	USD$0.64 (0.83%)
Earnings per share (TTM)	USD$7.425

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Is it a good time to buy Century Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Century Bancorp, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Century Bancorp under- or over-valued?

Valuing Century Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Century Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Century Bancorp's P/E ratio

Century Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Century Bancorp shares trade at around 10x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Century Bancorp financials

Revenue TTM	USD$116.7 million
Operating margin TTM	39.26%
Gross profit TTM	USD$112.9 million
Return on assets TTM	0.71%
Return on equity TTM	11.94%
Profit margin	35.44%
Book value	$65.273
Market capitalisation	USD$427.3 million

TTM: trailing 12 months

Shorting Century Bancorp shares

There are currently 41,153 Century Bancorp shares held short by investors – that's known as Century Bancorp's "short interest". This figure is 4.8% down from 43,212 last month.

There are a few different ways that this level of interest in shorting Century Bancorp shares can be evaluated.

Century Bancorp's "short interest ratio" (SIR)

Century Bancorp's "short interest ratio" (SIR) is the quantity of Century Bancorp shares currently shorted divided by the average quantity of Century Bancorp shares traded daily (recently around 10689.090909091). Century Bancorp's SIR currently stands at 3.85. In other words for every 100,000 Century Bancorp shares traded daily on the market, roughly 3850 shares are currently held short.

However Century Bancorp's short interest can also be evaluated against the total number of Century Bancorp shares, or, against the total number of tradable Century Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Century Bancorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Century Bancorp shares in existence, roughly 10 shares are currently held short) or 0.0148% of the tradable shares (for every 100,000 tradable Century Bancorp shares, roughly 15 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Century Bancorp.

Find out more about how you can short Century Bancorp stock.

Century Bancorp share dividends

Dividend payout ratio: 7.54% of net profits

Recently Century Bancorp has paid out, on average, around 7.54% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Century Bancorp shareholders could enjoy a 0.83% return on their shares, in the form of dividend payments. In Century Bancorp's case, that would currently equate to about $0.64 per share.

While Century Bancorp's payout ratio might seem low, this can signify that Century Bancorp is investing more in its future growth.

Century Bancorp's most recent dividend payout was on 16 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 October 2020 (the "ex-dividend date").

Century Bancorp share price volatility

Over the last 12 months, Century Bancorp's shares have ranged in value from as little as $51.1057 up to $92.8276. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Century Bancorp's is 0.937. This would suggest that Century Bancorp's shares are less volatile than average (for this exchange).

Century Bancorp overview

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, commercial and residential real estate loans, municipal 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. The company also provides automated lockbox collection, cash management, and account reconciliation services to corporate and institutional customers, as well as to the municipal market; and securities brokerage services. It serves commercial enterprises, state and local governments and agencies, non-profit organizations, and individuals in Massachusetts, New Hampshire, Rhode Island, Connecticut, and New York. As of March 31, 2020, the company operated 27 banking offices in 20 cities and towns in Massachusetts. Century Bancorp, Inc. was founded in 1969 and is headquartered in Medford, Massachusetts.

Frequently asked questions

• What percentage of Century Bancorp is owned by insiders or institutions?

  Currently 27.748% of Century Bancorp shares are held by insiders and 49.779% by institutions.

• How many people work for Century Bancorp?

  Latest data suggests 404 work at Century Bancorp.

• When does the fiscal year end for Century Bancorp?

  Century Bancorp's fiscal year ends in December.

• Where is Century Bancorp based?

  Century Bancorp's address is: 400 Mystic Avenue, Medford, MA, United States, 02155

• What is Century Bancorp's ISIN number?

  Century Bancorp's international securities identification number is: US1564321065

• What is Century Bancorp's CUSIP number?

  Century Bancorp's Committee on Uniform Securities Identification Procedures number is: 156432106