Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder James J. Filler Purchases 226 Shares
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 226 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was bought at an average cost of $66.33 per share, for a total transaction of $14,990.58. Following the purchase, the insider now directly owns 569,350 shares of the company’s stock, valued at $37,764,985.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ CNBKA) traded down 0.45% on Friday, hitting $66.30. The stock had a trading volume of 5,241 shares. The company has a 50 day moving average price of $64.19 and a 200-day moving average price of $62.33. The company has a market cap of $369.09 million, a price-to-earnings ratio of 13.55 and a beta of 0.69. Century Bancorp, Inc. has a 52-week low of $43.31 and a 52-week high of $68.05.
Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. Century Bancorp had a return on equity of 13.06% and a net margin of 30.90%. The firm had revenue of $26.40 million for the quarter. On average, equities research analysts predict that Century Bancorp, Inc. will post $2.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.72%. Century Bancorp’s payout ratio is 9.82%.
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Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a research note 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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