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%.

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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.

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

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