Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Buys $25,950.19 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 389 shares of the stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $66.71 per share, for a total transaction of $25,950.19. Following the completion of the acquisition, the insider now owns 571,548 shares in the company, valued at $38,127,967.08. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Century Bancorp, Inc. (NASDAQ CNBKA) opened at 65.00 on Friday. Century Bancorp, Inc. has a 52-week low of $43.65 and a 52-week high of $68.69. The firm’s 50-day moving average is $65.78 and its 200-day moving average is $63.19. The firm has a market cap of $361.86 million, a price-to-earnings ratio of 13.29 and a beta of 0.70.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. The company had revenue of $26.40 million during the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. Analysts forecast that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 28th. This represents a $0.48 annualized dividend and a yield of 0.74%. Century Bancorp’s payout ratio is currently 9.82%.

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Separately, ValuEngine upgraded shares of Century Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

A number of institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its position in Century Bancorp by 0.8% in the second quarter. Acadian Asset Management LLC now owns 15,136 shares of the bank’s stock valued at $961,000 after buying an additional 115 shares during the last quarter. First Manhattan Co. raised its position in Century Bancorp by 96.8% in the second quarter. First Manhattan Co. now owns 12,400 shares of the bank’s stock valued at $788,000 after buying an additional 6,100 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Century Bancorp during the second quarter valued at $209,000. Strs Ohio raised its position in Century Bancorp by 2.5% in the second quarter. Strs Ohio now owns 8,100 shares of the bank’s stock valued at $515,000 after buying an additional 200 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Century Bancorp by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 15,951 shares of the bank’s stock valued at $1,014,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 36.72% of the company’s stock.

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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