Century Bancorp Inc. (CNBKA) Major Shareholder Purchases $22,590.00 in Stock
Century Bancorp Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 500 shares of the stock in a transaction dated Thursday, October 13th. The shares were purchased at an average cost of $45.18 per share, for a total transaction of $22,590.00. Following the completion of the acquisition, the insider now directly owns 532,921 shares in the company, valued at $24,077,370.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp Inc. (NASDAQ:CNBKA) remained flat at $45.11 during midday trading on Friday. The company’s stock had a trading volume of 16 shares. The firm’s 50-day moving average price is $44.88 and its 200-day moving average price is $42.87. Century Bancorp Inc. has a 1-year low of $38.26 and a 1-year high of $45.72. The company has a market cap of $251.13 million, a price-to-earnings ratio of 10.61 and a beta of 0.62.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, October 11th. The company reported $3.24 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 21.53% and a return on equity of 10.87%. On average, equities research analysts expect that Century Bancorp Inc. will post $2.31 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, October 28th. Century Bancorp’s dividend payout ratio is currently 11.16%.
Century Bancorp Company Profile
Century Bancorp, Inc is a state-chartered bank holding company. The Company has a 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. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.
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