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.

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

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