Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $146,409.88 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,714 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average cost of $85.42 per share, with a total value of $146,409.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Century Bancorp, Inc. (CNBKA) traded down $0.80 during mid-day trading on Friday, hitting $85.00. The stock had a trading volume of 5,298 shares, compared to its average volume of 7,498. Century Bancorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $480.99, a price-to-earnings ratio of 16.71 and a beta of 0.76.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%. The firm had revenue of $25.30 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, October 31st. Century Bancorp’s dividend payout ratio (DPR) is presently 9.28%.

Several institutional investors and hedge funds have recently modified their holdings of CNBKA. Heartland Advisors Inc. grew its stake in shares of Century Bancorp by 77.2% in the 2nd 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 period. Dimensional Fund Advisors LP boosted its stake in Century Bancorp by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after purchasing an additional 12,596 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Century Bancorp by 68.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 26,897 shares of the bank’s stock valued at $2,154,000 after purchasing an additional 10,946 shares during the last quarter. Boston Partners boosted its stake in Century Bancorp by 16.5% during the 3rd quarter. Boston Partners now owns 75,714 shares of the bank’s stock valued at $6,065,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Century Bancorp during the 3rd quarter valued at about $649,000. Institutional investors own 36.50% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $146,409.88 in Stock” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/01/century-bancorp-inc-cnbka-major-shareholder-purchases-146409-88-in-stock.html.

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)

Receive News & Ratings for Century Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply