Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $24,497.25 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 367 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $66.75 per share, with a total value of $24,497.25. Following the completion of the acquisition, the insider now directly owns 577,921 shares of the company’s stock, valued at $38,576,226.75. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (CNBKA) traded up 0.60% during trading on Tuesday, reaching $67.10. The company’s stock had a trading volume of 2,552 shares. Century Bancorp, Inc. has a 1-year low of $43.65 and a 1-year high of $68.69. The stock has a 50 day moving average price of $66.22 and a 200 day moving average price of $63.43. The stock has a market capitalization of $373.55 million, a PE ratio of 13.72 and a beta of 0.70.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. Century Bancorp had a return on equity of 11.18% and a net margin of 22.46%. The business had revenue of $26.40 million for the quarter. 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 was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, July 28th. Century Bancorp’s dividend payout ratio (DPR) is 9.82%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNBKA. 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 during the last quarter. 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 during 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 during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Century Bancorp during the second quarter valued at about $209,000. Finally, First Manhattan Co. boosted 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 valued at $788,000 after buying an additional 6,100 shares during the last quarter. Institutional investors and hedge funds own 36.54% of the company’s stock.
Separately, ValuEngine upgraded Century Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
About Century Bancorp
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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