James J. Filler Buys 1,000 Shares of Century Bancorp, Inc. (CNBKA) Stock
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.
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