James J. Filler Purchases 226 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 226 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was bought at an average price of $66.33 per share, for a total transaction of $14,990.58. Following the purchase, the insider now owns 569,350 shares in the company, valued at $37,764,985.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Century Bancorp, Inc. (NASDAQ CNBKA) traded down 0.76% during trading on Friday, reaching $65.00. 25,094 shares of the company traded hands. Century Bancorp, Inc. has a 52 week low of $43.65 and a 52 week high of $68.69. The stock has a market capitalization of $361.86 million, a PE ratio of 13.29 and a beta of 0.70. The firm has a 50 day moving average of $65.78 and a 200 day moving average of $63.19.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, July 28th. Century Bancorp’s dividend payout ratio (DPR) is 9.82%.

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A number of hedge funds have recently modified their holdings of CNBKA. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Century Bancorp by 27.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock valued at $419,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP increased its stake in Century Bancorp by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock worth $7,679,000 after buying an additional 9,859 shares during the last quarter. Northern Trust Corp increased its stake in Century Bancorp by 6.9% in the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock worth $3,237,000 after buying an additional 3,269 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Century Bancorp by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock worth $626,000 after buying an additional 400 shares during the last quarter. Finally, Heartland Advisors Inc. increased its stake in Century Bancorp by 77.2% in the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock worth $3,196,000 after buying an additional 21,886 shares during the last quarter. 36.72% of the stock is owned by institutional investors.

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

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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