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%.

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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.

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

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