Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases 201 Shares of Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 201 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average cost of $66.60 per share, for a total transaction of $13,386.60. Following the acquisition, the insider now directly owns 570,052 shares in the company, valued at $37,965,463.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) traded up 0.15% during trading on Wednesday, hitting $67.00. 2,748 shares of the stock were exchanged. Century Bancorp, Inc. has a 52-week low of $43.31 and a 52-week high of $68.05. The stock has a market cap of $372.99 million, a PE ratio of 13.70 and a beta of 0.69. The firm has a 50 day moving average of $64.53 and a 200-day moving average of $62.43.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.35%. The firm had revenue of $26.40 million for the quarter. Equities research analysts anticipate that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, July 28th. Century Bancorp’s dividend payout ratio is presently 9.82%.
A number of large investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Century Bancorp by 0.8% in the second quarter. Acadian Asset Management LLC now owns 15,136 shares of the bank’s stock valued at $961,000 after buying an additional 115 shares in the last quarter. Strs Ohio boosted its stake in shares of Century Bancorp by 2.5% in the second quarter. Strs Ohio now owns 8,100 shares of the bank’s stock valued at $515,000 after buying an additional 200 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Century Bancorp by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 15,951 shares of the bank’s stock valued at $1,014,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 36.66% of the company’s stock.
Separately, ValuEngine raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a 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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