Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 1,642 shares of Century Bancorp stock in a transaction that occurred on Friday, January 26th. The stock was bought at an average cost of $80.70 per share, for a total transaction of $132,509.40. Following the purchase, the insider now directly owns 606,890 shares in the company, valued at $48,976,023. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) opened at $78.15 on Tuesday. The company has a market cap of $364.62, a price-to-earnings ratio of 26.40 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 1-year low of $53.35 and a 1-year high of $89.40.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%. The business had revenue of $26.11 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. Century Bancorp’s payout ratio is 16.22%.
Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Century Bancorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after buying an additional 3,642 shares during the last quarter. Wells Fargo & Company MN lifted its position in Century Bancorp by 54.2% in the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after buying an additional 1,244 shares during the last quarter. ZPR Investment Management lifted its position in Century Bancorp by 2.7% in the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after buying an additional 125 shares during the last quarter. First Trust Advisors LP acquired a new position in Century Bancorp in the fourth quarter valued at about $340,000. Finally, ClariVest Asset Management LLC lifted its position in Century Bancorp by 26.1% in the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock valued at $409,000 after buying an additional 1,057 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on CNBKA shares. ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th.
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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.
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