Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $38,443.16 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 502 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $76.58 per share, for a total transaction of $38,443.16. Following the acquisition, the insider now directly owns 612,529 shares of the company’s stock, valued at approximately $46,907,470.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (NASDAQ CNBKA) traded up $1.70 during mid-day trading on Monday, hitting $78.15. 5,100 shares of the stock traded hands, compared to its average volume of 6,459. 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 current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $425.60, a P/E ratio of 13.85 and a beta of 0.75.

Century Bancorp (NASDAQ:CNBKA) last released its 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 firm had revenue of $26.11 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, January 31st. Century Bancorp’s payout ratio is 12.00%.

Several research firms have recently commented on CNBKA. ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Century Bancorp by 0.5% during the fourth quarter. BlackRock Inc. now owns 148,544 shares of the bank’s stock valued at $11,624,000 after purchasing an additional 750 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Century Bancorp by 11.2% during the fourth quarter. Bank of New York Mellon Corp now owns 36,100 shares of the bank’s stock valued at $2,825,000 after purchasing an additional 3,637 shares in the last quarter. Wells Fargo & Company MN raised its stake in Century Bancorp by 52.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,396 shares of the bank’s stock valued at $422,000 after purchasing an additional 1,856 shares in the last quarter. First Trust Advisors LP purchased a new stake in Century Bancorp during the fourth quarter valued at $340,000. Finally, Boston Partners raised its stake in Century Bancorp by 3.9% during the fourth quarter. Boston Partners now owns 78,658 shares of the bank’s stock valued at $6,155,000 after purchasing an additional 2,944 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

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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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