Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Acquires 186 Shares

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 186 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were purchased at an average price of $79.88 per share, with a total value of $14,857.68. Following the acquisition, the insider now directly owns 605,743 shares in the company, valued at $48,386,750.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Century Bancorp, Inc. (CNBKA) remained flat at $$80.75 during midday trading on Friday. The company had a trading volume of 6,238 shares, 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. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 12-month low of $53.35 and a 12-month high of $89.40.

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

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Century Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday. ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after buying an additional 1,244 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after buying an additional 3,642 shares during the last quarter. ZPR Investment Management increased its holdings in shares of Century Bancorp by 2.7% during the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after buying an additional 125 shares during the last quarter. ClariVest Asset Management LLC increased its holdings in shares of Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,057 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Century Bancorp during the 3rd quarter worth approximately $451,000. Institutional investors and hedge funds own 36.50% of the company’s stock.

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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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