Century Bancorp, Inc. (CNBKA) Major Shareholder Buys $219,488.28 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 2,588 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $84.81 per share, for a total transaction of $219,488.28. Following the completion of the transaction, the insider now directly owns 585,467 shares of the company’s stock, valued at $49,653,456.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $1.05 on Friday, hitting $85.10. 7,786 shares of the stock traded hands, compared to its average volume of 10,645. The company has a market capitalization of $477.37 million, a P/E ratio of 16.59 and a beta of 0.76.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The company had revenue of $25.30 million for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.65%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, October 31st. Century Bancorp’s payout ratio is presently 9.28%.
Large investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. increased its position in Century Bancorp by 77.2% during the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock worth $3,196,000 after acquiring an additional 21,886 shares during the period. ClariVest Asset Management LLC increased its position in Century Bancorp by 31.0% during the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock worth $258,000 after acquiring an additional 960 shares during the period. Prudential Financial Inc. increased its position 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 during the period. Oppenheimer & Co. Inc. increased its position 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 during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after acquiring an additional 1,400 shares during the period. 36.58% of the stock is currently owned by institutional investors and hedge funds.
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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