Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 389 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $66.71 per share, for a total transaction of $25,950.19. Following the acquisition, the insider now directly owns 571,548 shares in the company, valued at approximately $38,127,967.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Century Bancorp, Inc. (CNBKA) traded up 0.30% during mid-day trading on Tuesday, reaching $67.00. The company had a trading volume of 2,683 shares. Century Bancorp, Inc. has a 12-month low of $43.50 and a 12-month high of $68.69. The stock has a market capitalization of $372.99 million, a P/E ratio of 13.70 and a beta of 0.70. The firm’s 50 day moving average is $65.41 and its 200-day moving average is $62.81.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share (EPS) for the quarter. The business had revenue of $26.40 million for the quarter. Century Bancorp had a return on equity of 11.35% and a net margin of 22.46%. On average, analysts expect that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.

The business 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, July 28th. Century Bancorp’s dividend payout ratio is currently 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.

A number of large investors have recently modified their holdings of CNBKA. Heartland Advisors Inc. increased its stake in shares of Century Bancorp by 77.2% in the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock worth $3,196,000 after buying an additional 21,886 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Century Bancorp by 1.4% in the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock worth $472,000 after buying an additional 100 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Century Bancorp by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock worth $258,000 after buying an additional 960 shares in the last quarter. Boston Partners increased its stake in shares of Century Bancorp by 4.3% in the second quarter. Boston Partners now owns 65,014 shares of the bank’s stock worth $4,135,000 after buying an additional 2,700 shares in the last quarter. Finally, First Manhattan Co. increased its stake in shares of Century Bancorp by 96.8% in the second quarter. First Manhattan Co. now owns 12,400 shares of the bank’s stock worth $788,000 after buying an additional 6,100 shares in the last quarter. 36.90% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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