Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Buys 900 Shares
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 900 shares of Century Bancorp stock in a transaction dated Monday, October 30th. The stock was purchased at an average price of $85.27 per share, for a total transaction of $76,743.00. Following the purchase, the insider now directly owns 585,467 shares in the company, valued at approximately $49,922,771.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $1.05 during trading hours on Friday, hitting $85.10. 6,140 shares of the stock traded hands, compared to its average volume of 10,645. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $477.37 million, a price-to-earnings ratio of 16.59 and a beta of 0.76.
Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.65%. The company had revenue of $25.30 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Century Bancorp’s dividend payout ratio is presently 9.28%.
Several large investors have recently modified their holdings of CNBKA. Janney Montgomery Scott LLC acquired a new stake in shares of Century Bancorp in the 2nd quarter valued at $209,000. The Manufacturers Life Insurance Company lifted its position in Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after buying an additional 3,642 shares in the last quarter. ClariVest Asset Management LLC lifted its position in Century Bancorp by 31.0% during the 2nd quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock worth $258,000 after buying an additional 960 shares in the last quarter. ZPR Investment Management lifted its position in Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after buying an additional 125 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Century Bancorp by 27.0% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 36.58% of the company’s stock.
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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