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%.
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.
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