James J. Filler Buys 200 Shares of Century Bancorp, Inc. (CNBKA) Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 200 shares of the stock in a transaction dated Tuesday, July 18th. The shares were purchased at an average price of $66.40 per share, for a total transaction of $13,280.00. Following the completion of the transaction, the insider now owns 569,072 shares of the company’s stock, valued at approximately $37,786,380.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up 0.60% during mid-day trading on Wednesday, hitting $66.75. The stock had a trading volume of 6,214 shares. Century Bancorp, Inc. has a one year low of $43.31 and a one year high of $68.05. The stock’s 50 day moving average price is $64.00 and its 200 day moving average price is $62.30. The firm has a market capitalization of $371.60 million, a price-to-earnings ratio of 13.64 and a beta of 0.69.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. The business had revenue of $26.40 million during the quarter. Century Bancorp had a return on equity of 11.35% and a net margin of 22.46%. Analysts forecast that Century Bancorp, Inc. will post $2.31 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, July 28th. This represents a $0.48 annualized dividend and a yield of 0.72%. Century Bancorp’s payout ratio is currently 9.82%.
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Separately, ValuEngine upgraded Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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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