Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,000 shares of Century Bancorp stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average price of $84.33 per share, for a total transaction of $84,330.00. Following the purchase, the insider now directly owns 585,467 shares in the company, valued at approximately $49,372,432.11. 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 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 institutional investors have recently added to or reduced their stakes in CNBKA. Heartland Advisors Inc. raised its holdings 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 buying an additional 21,886 shares during the last quarter. Boston Partners raised its holdings in shares of Century Bancorp by 16.5% in the third quarter. Boston Partners now owns 75,714 shares of the bank’s stock valued at $6,065,000 after buying an additional 10,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Century Bancorp by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock valued at $7,679,000 after buying an additional 9,859 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Century Bancorp in the third quarter valued at about $649,000. Finally, First Quadrant L P CA raised its holdings in shares of Century Bancorp by 153.1% in the third quarter. First Quadrant L P CA now owns 11,514 shares of the bank’s stock valued at $922,000 after buying an additional 6,965 shares during the last quarter. 36.58% of the stock is 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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