James J. Filler Buys 300 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 300 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were acquired at an average price of $77.61 per share, for a total transaction of $23,283.00. Following the completion of the acquisition, the insider now directly owns 612,529 shares in the company, valued at $47,538,375.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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, reaching $78.15. The company’s stock had a trading volume of 5,100 shares, compared to its average volume of 6,459. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40. The stock has a market cap of $425.60, a P/E ratio of 13.85 and a beta of 0.75.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.12 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. Century Bancorp’s payout ratio is 12.00%.

CNBKA has been the topic of several analyst reports. BidaskClub downgraded Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Several institutional investors and hedge funds have recently modified their holdings of CNBKA. The Manufacturers Life Insurance Company grew its position in shares of Century Bancorp by 1,300.7% in the 2nd 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. Wells Fargo & Company MN grew its position in shares of 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 acquiring an additional 1,244 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Century Bancorp in the 4th quarter worth approximately $340,000. ClariVest Asset Management LLC grew its position in shares of 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 acquiring an additional 1,057 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in shares of 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 acquiring an additional 1,400 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

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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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