Century Bancorp (NASDAQ:CNBKA) Hits New 1-Year High at $115.88


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Century Bancorp, Inc. (NASDAQ:CNBKA)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $115.88 and last traded at $114.00, with a volume of 1457 shares. The stock had previously closed at $91.44.

The company’s fifty day moving average is $93.53 and its 200-day moving average is $80.20. The company has a market capitalization of $634.75 million, a PE ratio of 15.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.60 and a current ratio of 0.60.

Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, January 19th. The bank reported $2.08 earnings per share (EPS) for the quarter. The company had revenue of $35.06 million during the quarter. Century Bancorp had a net margin of 24.30% and a return on equity of 11.91%.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were issued a dividend of $0.18 per share. This is a positive change from Century Bancorp’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, January 29th.

In related news, major shareholder James J. Filler acquired 500 shares of the business’s stock in a transaction on Friday, March 26th. The stock was acquired at an average cost of $90.68 per share, with a total value of $45,340.00. Following the acquisition, the insider now directly owns 863,115 shares in the company, valued at approximately $78,267,268.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder James J. Filler acquired 300 shares of the business’s stock in a transaction on Tuesday, March 2nd. The shares were bought at an average cost of $91.90 per share, with a total value of $27,570.00. Following the completion of the acquisition, the insider now owns 862,104 shares in the company, valued at $79,227,357.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 5,321 shares of company stock valued at $480,820. Insiders own 36.91% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. grew its holdings in shares of Century Bancorp by 159.2% in the fourth quarter. Citigroup Inc. now owns 1,226 shares of the bank’s stock valued at $95,000 after purchasing an additional 753 shares in the last quarter. Freedman Financial Associates Inc. purchased a new position in shares of Century Bancorp in the fourth quarter valued at $101,000. Denali Advisors LLC grew its holdings in shares of Century Bancorp by 12.9% in the fourth quarter. Denali Advisors LLC now owns 1,920 shares of the bank’s stock valued at $149,000 after purchasing an additional 220 shares in the last quarter. Northside Capital Management LLC bought a new stake in Century Bancorp in the fourth quarter worth $224,000. Finally, LPL Financial LLC bought a new stake in Century Bancorp in the third quarter worth $204,000. 34.36% of the stock is owned by hedge funds and other institutional investors.

Century Bancorp Company Profile (NASDAQ:CNBKA)

Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, commercial and residential real estate loans, municipal loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.

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