Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $26,316.00 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 400 shares of Century Bancorp stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $65.79 per share, for a total transaction of $26,316.00. Following the completion of the transaction, the insider now owns 578,631 shares of the company’s stock, valued at $38,068,133.49. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ CNBKA) traded down 0.15% during midday trading on Friday, reaching $66.05. 10,433 shares of the company traded hands. The company has a 50 day moving average of $66.42 and a 200-day moving average of $63.70. Century Bancorp, Inc. has a 12-month low of $44.35 and a 12-month high of $68.69. The stock has a market capitalization of $367.70 million, a P/E ratio of 13.50 and a beta of 0.69.
Century Bancorp (NASDAQ:CNBKA) last issued its 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 net margin of 22.46% and a return on equity of 11.18%. Equities analysts anticipate that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, July 28th. Century Bancorp’s dividend payout ratio is presently 9.82%.
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Separately, ValuEngine raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in Century Bancorp by 1.4% during the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock worth $472,000 after acquiring an additional 100 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Century Bancorp by 0.8% during the second quarter. Acadian Asset Management LLC now owns 15,136 shares of the bank’s stock worth $961,000 after acquiring an additional 115 shares in the last quarter. ZPR Investment Management boosted its stake in Century Bancorp by 2.7% during the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after acquiring an additional 125 shares in the last quarter. Strs Ohio boosted its stake in Century Bancorp by 2.5% during the second quarter. Strs Ohio now owns 8,100 shares of the bank’s stock worth $515,000 after acquiring an additional 200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Century Bancorp by 4.2% during the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock worth $626,000 after acquiring an additional 400 shares in the last quarter. 36.54% of the stock is currently owned by institutional investors and hedge funds.
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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