Century Bancorp, Inc. (CNBKA) Major Shareholder Buys $90,965.00 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 1,130 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was bought at an average cost of $80.50 per share, with a total value of $90,965.00. Following the purchase, the insider now owns 605,743 shares of the company’s stock, valued at $48,762,311.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Century Bancorp, Inc. (NASDAQ:CNBKA) remained flat at $$80.75 during mid-day trading on Friday. 6,238 shares of the stock were exchanged, compared to its average volume of 5,385. The firm has a market cap of $450.37, a price-to-earnings ratio of 20.19 and a beta of 0.75. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date is Wednesday, January 31st. Century Bancorp’s payout ratio is 12.00%.

A number of research firms recently commented on CNBKA. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in Century Bancorp by 54.2% during the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Century Bancorp by 1,300.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after acquiring an additional 3,642 shares in the last quarter. ZPR Investment Management raised its stake in Century Bancorp by 2.7% during the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after acquiring an additional 125 shares in the last quarter. ClariVest Asset Management LLC raised its stake in Century Bancorp by 26.1% during the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after acquiring an additional 1,057 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Century Bancorp during the third quarter worth about $451,000. 36.50% of the stock is owned by hedge funds and other institutional investors.

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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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