Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder James J. Filler Acquires 1,642 Shares

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.

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

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