Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Purchases 900 Shares
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 900 shares of the business’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of $65.94 per share, for a total transaction of $59,346.00. Following the completion of the transaction, the insider now owns 578,631 shares in the company, valued at approximately $38,154,928.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) traded down 0.15% during mid-day trading on Friday, hitting $66.05. The stock had a trading volume of 10,433 shares. Century Bancorp, Inc. has a 52-week low of $44.35 and a 52-week high of $68.69. The company’s 50 day moving average is $66.42 and its 200-day moving average is $63.70. The stock has a market cap of $367.70 million, a P/E ratio of 13.50 and a beta of 0.69.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, July 11th. The bank reported $1.47 earnings per share (EPS) for the quarter. The company 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%. On average, equities research analysts anticipate that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued 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 payout ratio is 9.82%.
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Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Hedge funds have recently modified their holdings of the stock. ClariVest Asset Management LLC increased its holdings in Century Bancorp by 31.0% during the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after buying an additional 960 shares during the period. Boston Partners increased its holdings in Century Bancorp by 4.3% during the second quarter. Boston Partners now owns 65,014 shares of the bank’s stock valued at $4,135,000 after buying an additional 2,700 shares during the period. First Manhattan Co. increased its holdings in Century Bancorp by 96.8% during 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 period. Acadian Asset Management LLC increased its holdings in Century Bancorp by 0.8% during 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 period. Finally, Heartland Advisors Inc. increased its holdings in Century Bancorp by 77.2% during the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock valued at $3,196,000 after buying an additional 21,886 shares during the period. 36.54% of the stock is currently owned by institutional investors.
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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