Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 511 shares of the company’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $66.64 per share, for a total transaction of $34,053.04. Following the acquisition, the insider now owns 570,561 shares of the company’s stock, valued at approximately $38,022,185.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) opened at 65.00 on Friday. The stock has a market cap of $361.86 million, a price-to-earnings ratio of 13.29 and a beta of 0.70. Century Bancorp, Inc. has a 12-month low of $43.65 and a 12-month high of $68.69. The company’s 50 day moving average price is $65.78 and its 200-day moving average price is $63.19.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. The firm had revenue of $26.40 million for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. On average, analysts forecast that Century Bancorp, Inc. will post $2.31 EPS for the current year.
The company also recently announced 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 was Friday, July 28th. Century Bancorp’s dividend payout ratio (DPR) is 9.82%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CNBKA. Russell Investments Group Ltd. boosted 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 period. Acadian Asset Management LLC boosted 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 period. Strs Ohio boosted 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 period. Janney Montgomery Scott LLC purchased a new position in Century Bancorp during the second quarter valued at approximately $209,000. Finally, First Manhattan Co. boosted 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 period. Hedge funds and other institutional investors own 36.72% of the company’s stock.
Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a 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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