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%.
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.
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