Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $25,950.19 in Stock
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%.
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.
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