Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Buys 700 Shares

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 700 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $78.00 per share, with a total value of $54,600.00. Following the completion of the acquisition, the insider now directly owns 612,529 shares in the company, valued at $47,777,262. The purchase was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $1.70 during trading hours on Monday, reaching $78.15. 5,100 shares of the company were exchanged, compared to its average volume of 6,459. 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 company has a market cap of $425.60, a price-to-earnings ratio of 13.85 and a beta of 0.75.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%. The company had revenue of $26.11 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors 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 yield of 0.61%. Century Bancorp’s dividend payout ratio is currently 12.00%.

A number of large investors have recently bought and sold shares of CNBKA. The Manufacturers Life Insurance Company raised its holdings in 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 valued at $249,000 after buying an additional 3,642 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Century Bancorp by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after purchasing an additional 1,244 shares in the last quarter. First Trust Advisors LP bought a new position in Century Bancorp in the 4th quarter worth $340,000. ClariVest Asset Management LLC raised its holdings in Century Bancorp by 26.1% in the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in Century Bancorp by 27.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

A number of equities research analysts recently commented on the stock. ValuEngine lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.

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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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