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%.
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.
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