James J. Filler Buys 258 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 258 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $85.10 per share, with a total value of $21,955.80. Following the purchase, the insider now directly owns 595,219 shares in the company, valued at approximately $50,653,136.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $1.10 during midday trading on Friday, hitting $83.70. 3,617 shares of the stock were exchanged, compared to its average volume of 7,438. Century Bancorp, Inc. has a one year low of $53.35 and a one year high of $89.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $471.25, a P/E ratio of 16.37 and a beta of 0.74.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.47%. The company had revenue of $25.30 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, October 31st. Century Bancorp’s dividend payout ratio (DPR) is presently 9.28%.

Separately, ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. increased its position in Century Bancorp by 60.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,593 shares of the bank’s stock worth $848,000 after purchasing an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Century Bancorp by 10.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock worth $10,680,000 after acquiring an additional 12,596 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Century Bancorp by 107.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 11,413 shares of the bank’s stock worth $915,000 after acquiring an additional 5,913 shares during the period. Wells Fargo & Company MN boosted its holdings in Century Bancorp by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares during the period. Finally, ClariVest Asset Management LLC boosted its holdings in Century Bancorp by 26.1% in the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after acquiring an additional 1,057 shares during the period. 36.50% of the stock is owned by hedge funds and other institutional investors.

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Century Bancorp Company Profile

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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