Louis Grossman - Century Bancorp Director
Director
Mr. Louis Grossman is an Independent Director of Century Bancorp, Inc. Mr. Grossman was President and Treasurer of The Grossman Companies, Inc. since 1980, when he and his father, Morton, purchased the family real estate business. In January, 2015 he became Chairman. Mr. Grossmans experience and expertise in real estate, which is relevant to customer relationships of the Company, qualifies him to serve as director of the Company. since 2016.
| Age | 68 |
| Tenure | 8 years |
| Phone | 781 391-4000 |
| Web | www.centurybank.com |
Century Bancorp Management Efficiency
The company has return on total asset (ROA) of 0.67 % which means that it generated a profit of $0.67 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 11.84 %, meaning that it generated $11.84 on every $100 dollars invested by stockholders. Century Bancorp's management efficiency ratios could be used to measure how well Century Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.The company has accumulated 416.47 M in total debt with debt to equity ratio (D/E) of 17.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Century Bancorp until it has trouble settling it off, either with new capital or with free cash flow. So, Century Bancorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Century Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Century to invest in growth at high rates of return. When we think about Century Bancorp's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 11.84 | |||
| Return On Asset | 0.67 |
Century Bancorp Leadership Team
Elected by the shareholders, the Century Bancorp's board of directors comprises two types of representatives: Century Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Century. The board's role is to monitor Century Bancorp's management team and ensure that shareholders' interests are well served. Century Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Century Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Mercurio, Independent Director | ||
| George Baldwin, Independent Director | ||
| Louis Grossman, Director | ||
| Marshall Sloane, Founder, Chairman, Member of Executive Committee, Member of Asset Liability Committee and Chairman of Century Bank and Trust Company | ||
| David Woonton, Executive Vice President of Century Bank and Trust Company | ||
| Russell Higley, Director | ||
| Jon Westling, Independent Director | ||
| George Swansburg, Director | ||
| Paul Evangelista, Executive VP of Century Bank and Trust Company | ||
| Linda Kay, Executive Vice President of Century Bank and Trust Company; Director | ||
| Stephen Delinsky, Director | ||
| Fraser Lemley, Independent Director | ||
| Joseph Senna, Independent Director | ||
| Barry Sloane, CEO and President Director, Member of Executive Committee, Member of Asset Liability Committee, Member of Non Deposit Investment and Insurance Products Committee, Member of Trust Committee, CEO of Century Bank and Trust Company and President of Century Bank and Trust Company and Director of Century Bank and Trust Company | ||
| Jo Simons, Independent Director | ||
| Brian Feeney, Head of Institutional Services Group and Executive VP of Century Bank and Trust Company | ||
| William Hornby, CFO, Treasurer of the Company and Century Bank and Trust Company | ||
| Jackie JenkinsScott, Independent Director |
Century Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Century Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 11.84 | |||
| Return On Asset | 0.67 | |||
| Profit Margin | 33.67 % | |||
| Operating Margin | 40.38 % | |||
| Current Valuation | 573.05 M | |||
| Shares Outstanding | 3.66 M | |||
| Shares Owned By Insiders | 32.83 % | |||
| Shares Owned By Institutions | 53.36 % | |||
| Number Of Shares Shorted | 17.97 K | |||
| Price To Earning | 14.84 X |
Pair Trading with Century Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Century Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Century Bancorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bank of America could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of America when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of America - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of America to buy it.
The correlation of Bank of America is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of America can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Other Consideration for investing in Century Stock
If you are still planning to invest in Century Bancorp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Century Bancorp's history and understand the potential risks before investing.
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