Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Buys 511 Shares of Stock

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%.

WARNING: “Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Buys 511 Shares of Stock” was posted by BNB Daily and is the property of of BNB Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/insider-buying-century-bancorp-inc-cnbka-major-shareholder-buys-511-shares-of-stock-updated-updated.html.

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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

Receive News & Ratings for Century Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply