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%.

WARNING: “Century Bancorp, Inc. (CNBKA) Major Shareholder Buys $25,521.00 in Stock” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/27/century-bancorp-inc-cnbka-major-shareholder-buys-25521-00-in-stock.html.

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.

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

Receive News & Ratings for Century Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.