Century Bancorp, Inc. (CNBKA) Major Shareholder Buys $25,521.00 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 300 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average price of $85.07 per share, for a total transaction of $25,521.00. Following the acquisition, the insider now directly owns 584,467 shares of the company’s stock, valued at approximately $49,720,607.69. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (CNBKA) traded up 1.70% during mid-day trading on Friday, hitting $86.75. 12,700 shares of the stock were exchanged. Century Bancorp, Inc. has a 52 week low of $45.30 and a 52 week high of $89.30. The stock has a market cap of $482.94 million, a price-to-earnings ratio of 16.79 and a beta of 0.73. The company has a 50 day moving average price of $77.75 and a 200 day moving average price of $67.72.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. Century Bancorp had a return on equity of 11.65% and a net margin of 23.11%. The company had revenue of $25.30 million during the quarter. Analysts expect that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. Century Bancorp’s dividend payout ratio (DPR) is presently 9.28%.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Heartland Advisors Inc. raised 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 valued at $3,196,000 after purchasing an additional 21,886 shares in the last quarter. ClariVest Asset Management LLC raised 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 valued at $258,000 after purchasing an additional 960 shares in the last quarter. Prudential Financial Inc. raised 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 valued at $472,000 after purchasing an additional 100 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Century Bancorp by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock valued at $626,000 after purchasing an additional 400 shares in the last quarter. Finally, Boston Partners raised 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 valued at $4,135,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 36.56% of the company’s stock.
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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